Are you ready for the next Real Estate Bubble?
The double dip recession and real estate crash is now long behind us. Home values are rising at an alarming rate. The reasons are plentiful. New families have been formed and children are have reached the age of independence. There is a greater sense of urgency for the multitude of buyers that have been sitting on the sidelines for the past 8 years. The American Dream of Home Ownership is once again a Reality and a goal.
Historically Low Interest Rates, fear of being left behind, high consumer confidence & job recovery have created a buying frenzy. New Home Starts and building permits are on the rise. The Shadow Inventory has never materialized and lenders have chosen to assist underwater home owners with short sales and loan modifications.
Home Owners that have held off listing their homes are now selling at higher prices. The higher prices rise the more homes that will be listed. There is now an extreme shortage of homes for sale. The only way this inventory will increase is with rising prices. This demand will ultimately lead to the next bubble. Will that bubble be in 5, 7 or 9 years? Only time will tel
Thinking of Listing or Buying a Home? Just want to talk?
Call, Text or Email
Tony Lewis RE/MAX of Valencia
Cell - 661-510-7975 www.TonyLewis.com tonyglewis@yahoo.com
