Quote:
Originally Posted by kprocivic
I think your example is more specific to the location. The market isn't really inflated right now.
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This. I have worked in all aspects of the mortgage and real estate industry. Thank goodness home values and consumer spending/consumption is up! But it's not epic or anything. As a whole, absolutely home prices and real estate is up. But it varies greatly from market to market. A friend of mine in So FL said that his condo has gone up nearly $150k in the past 12 months. Whereas here in my area (just North of Dallas) I am ecstatic that my home value shot up $60k (I could actually get even more if I sold) this last year. Definitely a "sellers market". But it is not overly inflated like in 2006 by any stretch.