Below is a quote from an online article by Professional Builder Magazine. While this is interesting the real issue here is:
What lessons did you learn from the recession?
What IF the economy takes a downturn or what if in your marketplace home sales tails off again?
Are you prepared, do you have a plan ?
“Prices keep rising, but according to David Blitzer, managing director and chairman of the Index Committee for S&P Dow Jones Indices, “There is no bubble to be anxious about.”
Blitzer isn’t alone. According to NAR Chief Economist Lawrence Yun, it isn’t a bubble that he worries about with the price increases, but that the lack of affordability may decrease demand.
This month marks the 35th consecutive month of a climb in home prices, based on the S&P/Case-Shiller Home Price Index released Tuesday, The Wall Street Journal reports.” (Professional Builder Online)
The full Wall Street Journal article is at: