Inflated House Values

October 21, 2008 at 4:46 pm Leave a comment

With inflated house values, 2006 was a great time for homeowners to sell their property. They were able to get top dollars for their homes.

Today, we live in a different economy, and a different housing market. The biggest problem with inflated house values was for the people who were in the market to buy a home. Inflated house values made it very difficult for couples just starting out to try and purchase a new home. Wages were not rising as fast as the inflated house values.

Right around the peak of the bubble was the first time in recent memory that purchasing a foreclosure property or a fixer upper became an increasingly popular idea. At the time, there seemed to be no way to tell when those inflated house values would drop, or if they ever would.

For people thinking about selling their homes, the housing boom was great. People who wanted to sell could almost buy a home one day, and put it on sale the next.

If you want to see just how high these inflated house values really were, consider contacting a local real estate agent who’s been in the business since at least 2000. They likely have the best industry research at their fingertips to show you how much prices have changed in the wake of the “burst bubble” on the housing market.

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Entry filed under: Home Values, How Much Is My House Worth, Sell Your House. Tags: , , , , .

Brevard County Property Appraisal Lowest U.S. Home Selling Prices

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