It's beginning to feel a lot like 2008 all over again in some respects. Yes, the exact details are a bit different, but the market seems to be dropping in a majority of locations.
As a buyer who specializes in just one component of real estate, I'm not able to see the big picture, but there has been a definite increase in the amount of inquiries that I recieve from my websites that offer to purchase homes from owners who are heading towards financial troubles.
With the Fed hinting that one more rate increase is coming this year, the net effect on home prices is in a downward direction. I realize that some markets are insulated from the negative inclination due to a variety of factors, but I'm seeing an ugly froth on the horizon.
What do you think?
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