Some of the housing news being kicked around recently is astounding: Home prices soaring by 20 percent or more over the past 12 months? Multiple offers? Bidding wars? All of the great news has some wondering, is another housing bubble brewing? Experts think not. According to the business forecast aficionados at Kiplinger, there are huge differences between what we see happening today in even the hottest of real estate markets and the tulipmania of last decade. The extreme heat in today’s market is a short-term phenomenon, born of a temporary imbalance between supply and demand. Call me at 805-249-0022 for any real estate needs.http://rismedia.com/2013-06-16/property-values-take-flight-home-prices-soar-by-over-20-percent/?utm_source=newsletter&utm_medium=email&utm_campaign=eNews
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