Are we drawing near to the next bubble burst? Some cities believe they are. CNBC is reporting Denver, Miami, Houston, and Washington, DC are considered overvalued. This is due, as the article explains, to the continued rise in house prices and decrease in affordability.
Its not all doom and gloom, though. It’s important for a local real estate agent to understand the overall economic market to best advise their customers. Contact me if you’re curious as to how this news might affect your real estate needs whether you’re buying or selling or both!