No Real Estate Bubble in Central U.S. [View article]
If it were only as simple as Dr. Perry suggests. We’d heartily agree that the media has blown aspects of the housing bust far out of proportion, but there are indeed “central US” housing markets that look terrible.
Our team analyzes markets for residential (multifamily, single family) real estate investors, and while there are some markets with surprisingly good metrics in the central US, there are some real dogs too. In this day and age, you have to delve into the details of a unique market to really see what’s happening.
Another key – housing market health is about much more than price - key demographics, job growth and unemployment, economic development activity and efforts, rental market health and the typical housing metrics (valuation, affordability, inventory and supply, etc.) all play a role in determining the vitality and status of a community’s housing market.
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If it were only as simple as Dr. Perry suggests. We’d heartily agree that the media has blown aspects of the housing bust far out of proportion, but there are indeed “central US” housing markets that look terrible.
Dec 01 09:17 am
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All Comments by Redfish Mark »No Real Estate Bubble in Central U.S. [View article]
Our team analyzes markets for residential (multifamily, single family) real estate investors, and while there are some markets with surprisingly good metrics in the central US, there are some real dogs too. In this day and age, you have to delve into the details of a unique market to really see what’s happening.
Another key – housing market health is about much more than price - key demographics, job growth and unemployment, economic development activity and efforts, rental market health and the typical housing metrics (valuation, affordability, inventory and supply, etc.) all play a role in determining the vitality and status of a community’s housing market.
Caveat emptor.