For a long time, barring few momentarily corrections, real estate prices has been going north. Home price growth rate on an average has been in double digits, way surpassing increase in family income. Now it has come to a point where millennials & new immigrants have to wait a long time before they can afford their first home. People are wondering if we are in a housing bubble.
Is it really a bubble?
As an active real estate salesperson, I want to share my thoughts about what’s really happening, what is to be expected in coming time, and possible solutions.