History repeats itself all the time…ALL. THE. TIME.
The real estate market is very frothy right now. The indicators are everywhere.
The real estate market has the potential to pull back…a lot in the not so distant future.
Again, let’s let history be our guide
Florida and Las Vegas were two of the hardest hit markets during the 2007 recession. They also took the longest to recover.
As of October, Las Vegas real estate sales are down 8% year-over-year while inventory is up 52% year-over-year.
Pay attention. The more exposed markets are going to start feeling the pinch before it shows up in your driveway.