Where To Worry About Real Estate
aEveryone knows the housing market is slowing; the question is how fast and how painfully.
It's not an easy question to answer, especially since, like politics, all real estate is local. Economists and journalists may talk in national numbers, but those can look very different from neighborhood statistics. Even during the housing boom, for example, some locales felt nary a nudge upward in home prices.
But we can pinpoint places that have rapidly slowed, where home prices may still even be increasing, but at a dramatically different pace than before. And, surprise: They aren't necessarily areas with struggling economies, where prices have already dropped over the past year.
It's not an easy question to answer, especially since, like politics, all real estate is local. Economists and journalists may talk in national numbers, but those can look very different from neighborhood statistics. Even during the housing boom, for example, some locales felt nary a nudge upward in home prices.
But we can pinpoint places that have rapidly slowed, where home prices may still even be increasing, but at a dramatically different pace than before. And, surprise: They aren't necessarily areas with struggling economies, where prices have already dropped over the past year.
Where To Worry About Real Estate
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