Um, don’t look now, but out there in the real estate trenches, they’re whispering the B word again. That’s B as in “bubble.”
That’s because agents in various parts of the country are using such terms as “overheated” and “buying craze” and “skyrocketing prices” to describe what they’re seeing in their markets, according to a recent trade journal report.
Is the value in your home in the “bubble?” Contact the appraisers at www.scappraisals.com for your value questions.
It isn’t an isolated discussion: Redfin, a real estate brokerage that does business in 20 markets around the country, recently ranked 15 major metros it perceived as most vulnerable, and least vulnerable, to experiencing another housing bubble.
Redfin Chief Executive Glenn Kelman said he doesn’t see housing, as a whole, headed for another fall. But in an edited interview, he explained that although he’s advising clients in some places that now might be the perfect time to dive into buying, in others, he’s suggesting that renting might be a safer move.
Read more at: http://www.chicagotribune.com/classified/realestate/sc-cons-0425-umberger-20130425,0,3011197.column
Disclaimer: for information and entertainment purposes only
Green Real Estate Appraiser 