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[-] Signs of a Turn in the Market - Leigh Attridge/MA (6 replies)
6/28/2012 7:17:48 AM (4797 views)
Re: Signs of a Turn in the Market - Scott Perry/PA
6/28/2012 10:21:54 AM (5908 views)
Re: Signs of a Turn in the Market - Slade Smith/OH
6/28/2012 3:19:12 PM (3009 views)
Re: Signs of a Turn in the Market - Slade Smith/OH
6/28/2012 10:56:22 AM (5667 views)
Re: Signs of a Turn in the Market - Leigh Attridge/MA
6/28/2012 11:36:16 AM (2934 views)
Re: Signs of a Turn in the Market - Slade Smith/OH
6/28/2012 12:38:48 PM (2939 views)

There is a wide gulf between rising prices and a speculative bubble.  Prices didn't just go up during the bubble; pricess lost all relation to the underlying value of houses in terms of historical measures such as price to income and price to rent ratios.  Those metrics have returned to within historically normal ranges.  And we are not talking about 20% per year price increases; we are talking merely about modest gains in prices, perhaps slower than the overall rate of inflation.

Individual areas where prices are high, such as yours, are areas which prices have been high historically, due to their desirability.  It is not a particular problem in the aggregate if prices and taxes are still high in Boston or New York or San Francisco, so long as the high prices are stable and sustainable.  If they are, then there is no bubble; the prices are merely due to high demand and limited supply.  With apoliogies to your plight, it is normal for some homeowners in high demand areas to look at disgust at their tax bills, isn't it?

There's little reason to be concerned about the low interest rates now.  We are in absolutely no danger of a second bubble in housing at this point in time.  Low interest rates should have been raised in the 2000s to cool an overheating housing market.  But just because low interest rates were one contributing factor to the bubble then does not mean that they are bad now.  There's not an overheated market now, nor an overheated economy-- quite the opposite. 

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Re: Signs of a Turn in the Market - Leigh Attridge/MA
6/28/2012 4:04:45 PM (3045 views)

[+] whats the real skinny? - bob purcell/CT (1 reply)
6/27/2012 6:24:53 PM (3061 views)

[+] Be careful what you ask for - CHARLENE  PERRY/MD (2 replies)
6/27/2012 2:53:50 PM (3159 views)

[+] Horror stories - Dan Zook/NY (1 reply)
6/27/2012 11:57:02 AM (3510 views)

[+] Beware of Southeastern Title Solutions - Ann Mullins/SC (6 replies)
6/26/2012 5:00:59 PM (4403 views)


Real Title Services


[+] Is a Court Clerk or Court Liable? - Nils Nelson/ME (2 replies)
6/26/2012 4:43:19 PM (2940 views)

[+] Abstractor Watchdog - Rick Huguenin/SC (6 replies)
6/25/2012 10:43:37 PM (4732 views)

[+] Georgia Witness-Only Closings - Donna McCullough/SC (1 reply)
6/25/2012 9:04:20 PM (5119 views)

[+] Need my peers advise... - Jacqueline Purcell/CT (4 replies)
6/25/2012 11:37:01 AM (2997 views)

[+] Queen of Versailles - building the 90,000 sf house - Leigh Attridge/MA (1 reply)
6/24/2012 9:47:46 PM (4604 views)

[+] Docs RN - Jason Knowles/AL (6 replies)
6/21/2012 2:26:40 PM (3338 views)

[+] National Real Estate Information Services - no pay - Patricia Perry/WV (14 replies)
6/21/2012 12:55:34 PM (4700 views)

Dusky gopher frog habitat designated in St. Tammany Parish - Scott Perry/PA
6/19/2012 11:44:18 AM (4038 views)

[+] Problems with Middlesex North ROD - Leigh Attridge/MA (4 replies)
6/18/2012 3:37:36 PM (2774 views)

WebTitle Agency Continues Growth Through Merger with Customized Lender's Services - Alan Roides/NY
6/18/2012 1:51:24 PM (4534 views)


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