Will the bubble really burst in real estate around maryland?!?

Answer 1

I am amazed at the fools who reply who have no working knowledge, or nothing to do with investing in real estate.

Contrary to the news media, they have, as did "Chicken Little", falied to see that the sky is not falling. In areas that had a big run-up in values because demand outstripped supply, the demand has been reduced, so the market has a temporary over supply- in spots. Typically the east coast and the left (CA) coast experience the greatest swings. In any market (like Phoenix last year) a 55% annual increase is not sustainable. In my market, sellers were experienceing a sale the same day it went in the MLS or maybe before it was by an agent in the office, but in general less than 30 days. So now we are moving back toward a more normal market time of 90-120 days the same as we were before we were discovered as a great place to live. Does that mean that real estate has lost its luster as an investment? Not at all, just that we are now going back to a normal market.

Too bad that the news media thrives and perpertrates "bad" news but not necessarily true news, and that Americans will go along like blind sheep without looking at the facts. To them the sky is falling, like Chicken Little. For me it is a great time to invest in real estate. Falling interest rates, good deals and consessions from sellers convinved that the sky is falling saves me money on my purchases.

Wake up people, it is October, and the leaves on the trees are what is falling!

Answer 2

It already has, here in Arizona. Phoenix was the hottest market in the country (55% in 1 year). Now it's dipping back down, as the investors get out - there are private investers that have 10-15 unrented houses & they're having to pay the mortgage :-)

But the other underlying pressures still exist here - major rapid growth (second only to Vegas) and so the prices wll pick back up in a year or so.

Answer 3

The bubble is already bursting country wide. The only area that saw an increase in the median sale price was Callifornia. Now it is a matter of how low will it go. I am in Connecticut and the market here is very very slow. Clients are hoping to sell their homes for prices that could only be commanded a year ago. There is a large inventory and buyers can afford to be picky now. Home prices are be cut in order to make them more appealing to buyers and people who are trying to sell their homes themselves are having very little success as most are not marketing and pricing it correctly. This is a trend that is playing out country wide. My best advice would be to talk to friends, relatives, coworkers an professionals you do business with(lawyers, bankers etc.) and ask them for the name of a Realtor that they would recommend. Use a Realtor is the best advice I can give.

Answer 4

It is bursting slowly. If you are looking right outside of D.C., you may still see some steep prices. But you will find that very good prices on townhomes & condos. if your range is less thank 300k, they you should find something in the counties you are looking in.

Answer 5

Yes. It will burst it already has their are more houses than people who can buy them so seller have to lower their prices and struggle to make profit. a $2 million dollar apt may only sell for $500,000 because their is no demand because buyers aren't looking to buy!!!! This time is good for buyers because they can get good deals on homes for cheaper prices

Answer 6

Yea and hear is why.
http://www.breakingbubble.com/index.htm

Or the answer could be is the market a honest market and there you have you answer, since the market is not an honest market and a bubble has been made. it is nor going to pop and big time.