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Real Estate News Releases
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(EstateNewsWire.com, April 13, 2013 ) Winter Park, FL -- The boomlet within Southwest Florida's housing market that has spanned the past year has been so widespread that it is raising the dreaded word: Bubble.
While opinions vary widely regarding the issue, even those who are willing to dismiss the general notion that a housing bubble in on its way to bursting are willing to admit concern regarding the rising of home values in the same way they were in the mid-2000s.
Still, missing from the scenarios, as compared to the last time there was a bursting bubble, is the easy-to-access loans that were later packaged by Wall Street firms into securities, which was the eventual downfall of the market.
"Part of the thing that drove up the last cycle was the ease of credit, and I don't see that being the case anymore," said Michael Moulton, an agent with Michael Saunders & Co. on Longboat Key.
"I just don't think it will get that crazy."
What is must less uncertain is the direction of the market, as it is the healthiest it has been in nearly a decade. All the while monthly sales figures and Realtor data show no reason to be immediately or universally concerned about the positive motion.
The culmination of cash from Wall Street hedge funds in the Southwest Florida's real estate market, coupled with the genuine widespread demand from a slew of retirement buyers, has swelled the prices from locations like Parrish all the way to Punta Gorda.
The inventory of homes for sale are at their lowest levels in a decade, which only adds to the pessimistic industry experts believing the market is treading dangerous waters out near the Atlantic. Such fears are still, at this juncture, not the mainstream, while many still stand by the market and believe it will adjust well before it balloons to high.
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