Bubble, bubble toil and trouble

Lots and lots of talk about a real estate bubble these days.  Is there a bubble?  Was there a bubble?  Has the bubble burst?

Here in Denver there never was a bubble.  We have had a steady market for the past 3-4 years unlike the coasts and some other areas (like Phoenix) which have seen double digit increases in home sale prices for the past 4-5 years. Although good for home sellers, history tells us that those kinds of increases can't last.

Now they have a slower market - a "regular" market if you will.  That means that homes take longer to sell and the price increases are no longer in the double digits.

That's what we experience in the metro area and we think it's better.  Since most home sellers become home buyers, they were trying to purchase a new home in that super heated environment.  Now they can sell for a reasonable price with a reasonable profit.  AND they can purchase their new home after examining several homes that might meet their needs after considering options.

If the bubble has burst, it's probably a good thing.

6:42 PM - May. 30, 2006 - comments {0} - post comment

Write a Comment
Your Name:	RealTown Members: Click here to login
Your E-Mail:
Your Website:
Subject:
Your Comment:
Notifications:	Notify me by email when new comments have been posted to this entry.
Privacy:	Private Comment - Do not publish this comment to the public.
Verification:	To verify that you are a human and not a script, please enter the verification word from the image into the box on the right.

RSS Blog Feed

Categories

Favorite Links

Favorite Blogs