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Local Real Estate is the ultimate supply and demand market at work . Low supply and high demand results in rapid price appreciation in some markets. This imbalance can indicate the formation of a real estate bubble.
What about your local market? Is it in a Real Estate Bubble? Ask the following questions to several local leading real estate brokers. Then carefully consider their answers.
1) Is this market in a real estate bubble in your opinion?
2) How many properties have you personally purchased at current price levels?
3) Are you are willing to invest your own money at these prices?
4) If you are not an investor at these price levels, explain why I should invest now?
Real Estate can be an excellent long term investment. Real Estate is always local and local markets can vary widely. Recently certain highly desirable locations such as the US. Coastal areas and California have seen rapid price appreciation.
The Real Estate Bubble - Is It Too Late to Buy Now?
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