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    Reasons Why the Present Real Estate Boom Is Far From Over in Ashbury

    Ashbury real estate

    There has been an increasing pattern in real estate purchases in the previous couple of years. Homes have been offering like hotcakes, so to speak, and many have declared that this real estate boom is far from being over. There are a couple of reasons that have been cited which give some insight into the present real estate market and why real estate sales are not most likely to decrease for some time to come.

    Remember we have offices in Canterbury, Croydon Park, Hurlstone Park, Ashfield, Burwood Heights, Summer Hill, Campsie, Croydon, Dulwich Hill, Lewisham and Ashbury

    Structure Business Not Booming As Much As Real Estate Sales in Ashbury

    There are many reasons the real estate market slows down. One such reason is because of an over-expansion of houses for sale. Although the home building business has been rather lucrative, it still has a methods to enter order to overtake real estate sales. This is an advantage because there are not rather sufficient homes to fulfill the present demand which will keep the market growing for some time. So long as the supply does not swallow the demand, the real estate market will continue to flourish.

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    Rate Of Interest Stay Reasonable

    While interest rates have increased rather when compared with the previous number of years they are still reasonably low and make many people want to buy a home. These attractive rates assist keep the real estate market going because the majority of individuals need loans to buy houses and low-interest rates make the overall purchase less expensive. So long as the interest rates stay rather stable, potential homebuyers will still be expressing fantastic interest in the purchase of a home simply because low-interest rates make the investment more budget friendly. 

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    Length of the ARM Fixed Rate Portion Is Increasing

    For those who have adjustable-rate mortgages (ARMs), they might have fretted about the adjustable rate portion when their fixed rate portion was diminished. Recently the fixed-rate portion of the ARM has been increasing with regard to the length of years in which it is active. This has resulted in supporting the real estate market and has also attracted individuals to buy a home through an ARM that has this new lengthier fixed-rate period.

    Flipping of Real Estate in AshburyNot As Common As It Might Seem

    Some individuals have been worried that flipping of real estate, which is the purchase and fast sale of the real estate thereafter, is something that might trigger the real estate bubble to burst. Nevertheless, those who have expressed concern can rest easy knowing that the percentage increase with regard to flipping from 1998 to 2003 is just 1%. When seeing the overall plan of things, a 1% increase within 5 years is not something that needs to trigger excessive concern.

    The real estate market has been doing rather well in the previous couple of years and the above aspects combine to make what some belief is a real estate bubble that is sure to burst. Whether this real estate boom continues for a long period of time to come is something which remains to be seen. Nevertheless, the real estate market appears to be staying stable and while home costs might continue going up supply is not surpassing demand and people keep buying. So, just the future will reveal when the real estate market begins decreasing.

    Visit our offices in Ashbury and Canterbury, Croydon Park, Hurlstone Park, Ashfield, Burwood Heights, Summer Hill, Campsie, Croydon, Dulwich Hill, Lewisham

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