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New Year 2017 Bubble Effect

in Uncategorized by Lynette Barrett

Current Real Estate News for the New Year of 2017 

Last year, the market was fairly normal.

  • The short-sales and foreclosures are almost gone.
  • Sales are moving nicely.
  • Prices are rising up for the 7th year in a row.

The question is: Is there a property or housing bubble coming?

According to Greg Voakes, “INFOGRAPHIC: The Effects of 2007’s Real Estate Crash”, the United States Housing Bubble affected more than half of the U.S. population. The U.S. Housing Bubble was defined in the early 2006, in which housing prices skyrocketed, then followed by a massive fallout in 2006 and 2007.

However, previous and current sales within the last 6 years have been driven by regular Americans, selling their homes to buy another home.

This new year, it is safe to say that prices will not fluctuate dramatically. Thus, instead of seeking online home evaluations, where they sell your information to other realtors we will be happy to help you getting the accurate evaluation face-to-face. If you have Real Estate plans for 2017 of buying or selling your home, give us a call and we will give you the real estimate of your homes.

 

Footnotes

INFOGRAPHIC: The Effects of 2007’s Real Estate Crash

Tip #2

in Uncategorized by brucebilodeau

Short sales are still better than foreclosures!! If you can’t get a modification and your upside down in your house don’t let it foreclose its harder to recover from a foreclosure than a short sale.