Will the Housing Bubble Burst?

You’ve heard it all.
  Some claim there is no bubble – That this market is unique. 
  Others declare that the housing market is on the brink of collapse. 

Here’s what we know:
   Rising Interest rates have had several impacts on the market – 
     1) Home values have stopped escalating and are leveling off.*
     2) Many buyers who rely on mortgages are choosing to wait to purchase.
     3) More homes are coming available as homeowners choose to sell before values start changing

We also know that no one can tell the future.
However, we can PREPARE for either extreme, and every possibility in between. 

Be Prepared
Every housing market is beneficial to someone. Find out how YOU can benefit from the marketing shift, and make plans for either course the market takes. 

Be Flexible.
This is a time of change. Be ready to adapt your plans as you go.

Be Ready.
Opportunities in a transitional market are fluid. Be ready to move forward when the market conditions suddenly align with your needs. Doors open and close all the time in this market, so have your ducks in a row and be ready.

Be Smart.
If the housing market “collapses,” as some experts predict, it does not mean that all real estate will grind to a halt. It means that the market will likely shift from a seller’s market to a buyer’s market. 

Right now, builders and other investors are scaling back their projects, some even offering incentives to buyers, knowing that the demand is steadily decreasing. When the market shifts, if they timed it right, they will have sold all of their construction projects, and will begin buying land and other investments in preparation for the next economic cycle. Thus continuing the cycle of “Buy Low, Sell High.”

Consider what you could accomplish in a buyer’s market. 

The Future…
We haven’t seen all of the influences that will shape this emerging economy yet. Interest rates, upcoming mid-term elections, spending legislation, tax levies will all have an impact. But while we may not know the future for certain, we can be ready to ride the wave and take advantage of the shift – no matter which way it takes us!