Lately, I’ve noticed several articles questioning whether the kind of crazy real estate market we’ve in for a while now is reminiscent of the early 2000’s which lead to a housing bubble that eventually burst in 2008. Granted, even in St Louis where we tend to not see the market extremes one way or the other like the coasts do, one could get the idea that maybe we’re headed that way with buyer’s fighting over new listings and bidding wars that have homes often selling for over the list price. However, in my humble opinion, this market is very different than the 2000 – 2007 market and we are not headed to a crash at this point.
Before I go further…my disclaimer…
I’m not an economist and I didn’t even stay at a Holiday Inn Express last night, I’m just a long-time real estate industry data junkie who has ridden the real estate roller coaster for 40+ years and have some thoughts on the current state of the market. While my comments may apply outside of our local market, my focus and commentary are on the St Louis housing market.
What’s different now from before…
[xyz-ips snippet=”Homes-For-Sale”]
Continue reading “Why St Louis Is Not Headed Toward Another Housing Market Bubble or Crash“
