Published January 17, 2022
Growing or Bubbling?
What are the risks of a 2008 real estate bubble in today's market?
Put simply, based on a review the vast majority of housing economists, very minimal. The conditions of 2008, such as risky loans and lending practices from banks, major investor speculation by investors, and balanced inventory simply do not exist in today's market.
The new phrase we are hearing is "Price Growth Deceleration" where economists expect to see prices to increase at more reasonable levels in the 5-9% range rather than the double-digit increases we've seen for the past few years. This is widely viewed as a positive development for the market which will help the market see a long-term growth plateau rather than a more painful roller coaster of long-term price growth mixed with downward cycles.
Bottom line, if you are thinking of buying, moving up/down/across town, or investing, today's market is one of opportunity.
Give us a call at 206-489-4920 or email us at info@reecehomes.com
Are you buying or selling a home?
When are you planning on buying a new home?
Are you pre-approved for a mortgage?
Would you like to schedule a consultation now?
When are you planning on selling your home?
or another way