Here is my results of my analyzing what I do so passionately for a living!..... READ IF YOU ARE ON FENCE OF SELLING!!! Real estate is a micro-market, not a national one. While there may be over pricing in some areas of the country, the primary markets are no where near a bubble. We have experienced a typical “dead cat bounce” in real estate. The market was undervalued and bounced off the bottom, resulting high investor activity and volatile price appreciation. The market is now “tempered” and is demonstrating typical activity following a bounce from the crash. Affordability index is still well above pre-crash highs. Interest rates are still extremely low at or near 5%. Demand for homes from homebuyers in primary metro markets is very strong and inventories are still limited. With 15% appreciation since the crash, we are still 20% away from pre-great recession highs. What about this scenario screams bubble? Answer: NOTHING. We are poised for a very long healthy real estate sales market with excellent fundamentals. CALL ME TO LIST AND SELL NOW FOR TOP NET DOLLARS!
Posted on: Wed, 13 Nov 2013 17:58:23 +0000
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