How to Determine if There Is a Housing Bubble in Your Neighborhood
How to Determine if There Is a Housing Bubble in Your Neighborhood
Compare the cost of renting to the cost of buying in your community.
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Find a good real estate agent and ask if he or she thinks there is a bubble.
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minutes
Look back in time and see how fast prices have risen.
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Check the price-to-income ratio in the local housing market.
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days
Research your housing market thoroughly.
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longer