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Sure real estate has risen in price like a rocket taking off in some areas
of the continent. Other areas have had a slow methodical rise. Low interest
rates and easy affordability drove the market. Zero / low down and interest
only mortgages brought on another onslaught of buyers eager to push up
prices on low supply of product. Now the developers are catching up as too
many jumping in start to oversupply. Everyoun wants to be a developer! The
pumpers and dumpers are starting to appear. Prices in overheated overpriced
areas deserve to roll back. $600k for a 2 bedroom house or condo is TOO MUCH
for anyone making $25 an hour!! Interest rates have slowly crept up...but
not to 18% like last time. Be sure to watch the inventory numbers and days
on market in your area. Real Estate is a supply and demand commodity. Prices
in overheated areas are starting to self correct so be carefull or you will
get burned. Comments???
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The Real Estate Bubble is OverBlown Cool Your Jets!
