With the strong appreciation rates we have seen in real estate recently and the memory of 2008’s housing crash all too fresh, I get asked about the potential for another “market adjustment” (the soft way of saying Crash) hitting our area.
My quick answer is “not in our current environment”.
There are many factors that contribute to a crash or bubble burst and not enough time to go into them in a short post so I am going to leave it at that for now.
In case you missed it here is a very interesting, short article from the Bellingham Herald concerning the current real estate market, appreciation rates and outlook on a local level. This article is not inclusive of all the factors but does touch on a few and gives us a clear picture of the state of the market.
Want more information? Like to chat about real estate? Give me a call!