Is the real estate business in the U.S overheated and going by the number of foreclosures is a crash imminent?
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Answer:
Read up on sites like bankrate.com
See what hud has to say at www.hud.gov
Some parts of the country are "hot" some are "cooler" Us doesn't function as a whole in the real estate market. It functions as many individual markets independently.
LA may crash while Dallas booms.
But yes, it appears that a "cooling off" is over due in many areas that experienced rapid appreciation over the last few years.
Best of luck
Should you be asking this on the UK version?
In answer to your question, probably not if it's like the British market (because that is what you're on!) Supply will always be short of demand.
Looking at real estate on a macro level, like the news media and Drew (surprised he hasn't added his link to his "sky is falling" website yet), does not paint an accurate picture.
Real estate is local. Some markets are good, some are so-so, and some are bad. The irrational exuberance is gone and there's a return to normalcy, but is a crash imminent? No way.
It is crashing, some can spin a few numbers and say it is a warm market but turth is wacth out next month and see what happens.
Hear is why the market is crashing.
http://www.breakingbubble.com/index.htm...
Don't pay attention to Drew. The market is cooling in some areas and still hot in others. The country is so large and markets are so local you can't make a blanket statement for the whole country.
Crash? No way.
I concur wholeheartedly with Damon (who also uses his own sly way of advertising on this site)
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