3 Charts That Show This Isn’t a Housing Bubble
With home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006 Mike Eastwood Author-Chief Executive Officer of Bello Sol Inc/West USA Realty of Prescott states. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons.
1. The housing market isn’t driven by risky mortgage loans.
2. Homeowners aren’t using their homes as ATMs this time.
3. This time, it’s simply a matter of supply and demand.
To learn more about the Prescott, Arizona real estate market contact Mike Eastwood CEO of West USA Realty of Prescott at 928-636-1500 or visit us at www.westusaofprescott.com