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Rick Sharga, Executive VP at Ten-X: “We’re definitely not in a bubble.” “We have a handful of markets that are frothy and probably have hit an affordability wall of sorts but.while prices nominally have surpassed the 2006 peak, we’re not talking about 2006 dollars.” Christopher Thornberg, Partner at Beacon Economics:
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· According to Rick Sharga, CEO of Auctioncom, the investment strategy is simple: “Buy the property at less-than-market value, rent it for a few years while the market recovers, and then sell it.
Some economists call it the third housing boom in America.. OLSEN: So we're not building very quickly at all, despite, you know, this demand boom.. the housing crash, which raises the question, are we in another bubble?
While the housing market looks good and the banks are pretty solid at the moment, it is easy to put aside fears of another housing bubble. However, the banks have more capital than they had before.
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What we see is prices rise, sales activity slows down, prices weaken and then sales pick back up," said Carrington mortgage holdings executive Vice President Rick Sharga. "It’s the way a housing market is supposed to behave in a normal environment. But it’s been so long since we’ve seen a normal environment that we forget how it’s supposed to.
· Tori Denton, PSA, Realtor Licensed MA & CT. Helping you make the right MOVE, one HOME at a time! Profile; Menu.. some are questioning if we are heading toward another housing bubble (and subsequent burst) like the one we experienced in 2006-2008.. Rick Sharga, Executive VP at Ten-X: “We’re definitely not in a bubble.”.
Recently, five housing experts weighed in on the question. Rick Sharga, Executive VP at Ten-X: “We’re definitely not in a bubble.” “We have a handful of markets that are frothy and probably have hit an affordability wall of sorts but.while prices nominally have surpassed the 2006 peak, we’re not talking about 2006 dollars.”
Real estate is shifting to a more normal market; the days of national home appreciation topping 6% annually are over and inventories are increasing which is causing bidding wars t