real estate bubble
Definition
An unsustainable surge in real estate prices driven by speculation, easy credit, and investor hype, often leading to a sharp market correction or crash.
A market condition where property values inflate far beyond their fundamental worth, fueled by irrational exuberance and herd behavior among buyers.
Examples
He bought three condos at the peak of the real estate bubble, only to watch his portfolio deflate faster than a whoopee cushion.
The real estate bubble turned amateur flippers into temporary millionaires, until reality checked in with a eviction notice.
She predicted the real estate bubble's burst years ahead, while her neighbors were busy high-fiving over their 'can't-lose' McMansions.
Riding the real estate bubble felt like winning at roulette, until the house always won with foreclosures.