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The Housing market.
In response to 140642: Housing Market, posted by John G2 on Sunday, 26 February 2017, at 3:49 p.m.
No one has a crystal ball, but have you considered the difficulty of managing a rental from the Mainland? I know a great agent in Waimea, Sara Hartwell, if you want to sell.
From the 50's up until 9/11 the housing followed a 10 year bell shaped curve, with the bottom of the market in the middle of the decade and the peaks around the change from one decade to another. 9/11 changed all that because people were taking their wealth out of stocks and investing in real estate. Then, when the market should have been down in 2005 & 2006, you had prices artificially inflated through the use of sub-prime mortgages. The bottom of the market was around 2011 and 2012. Since then prices have come up, and we have now surpassed the 2006 values. Can it last? We had safeguards put in place since the mortgage meltdown. The current administration has already begun removing some of these regulations and wants to completely dismantle the Consumer Protection Bureau (created by the Dodd/Frank bill). So who knows what will happen once the banks have their leases removed.
Anyway, you know what they say "What goes up must come down". With prices as high as they are, and the new administration messing with regulations, it's possible there is a downturn on the horizon.
If you want to keep your finger on the pulse of the housing market, sign up for my daily email newsletter at www.konarealestateagent.com
Δ Thanks Harry
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