Next Real Estate Recession

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by jojobarnhill

wanna hear your guys feedback on this…. Im a real estate broker in WA state & the market is hot here for housing but its been slowly transitioning into a buyers market.

Things are going great when the market is good, but sometimes it seems too good to be true, considering our avg priced home here in WA state has increased by over 100K in only 2-3 years..

bad loans are being giving out left & right, Appraisals are coming in low, FHA loans are allowing buyers to purchase loans on more expensive homes that they cannot practically afford, etc..

hell no I aint no bear, I want the market to keep this up so I can keep wasting all of my money on options but I have a strong feeling we are going to be having a coming to Jesus meeting with the housing market in the next 2-3 years.

 

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