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    Reasons Why the Current Real Estate Boom Is Far From Over in East Hills

    East Hills real estate

    There has been an increasing pattern in real estate purchases in the past few years. Houses have been selling like hotcakes, so to speak, and many have claimed that this real estate boom is far from being over. There are a couple of reasons that have been pointed out which give some insight into the present real estate market and why real estate sales are not most likely to decrease for a long time to come.

    Remember we have offices in Pleasure Point, Panania, Voyager Point, Sandy Point, Picnic Point, Milperra, Revesby Heights, Revesby, Hammondville, Holsworthy and East Hills

    Structure Business Not Flourishing As Much As Real Estate Sales in East Hills

    There are many reasons the real estate market slows down. One such reason is due to an over-expansion of houses for sale. Although the home structure business has been quite successful, it still has a ways to go in order to overtake real estate sales. This is a good idea because there are not quite adequate houses to meet the present need which will keep the marketplace expanding for a long time. So long as the supply doesn’t swallow the need, the real estate market will continue to prosper.

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    Rates Of Interest Remain Sensible

    While rate of interest have increased rather when compared to the past couple of years they are still reasonably low and make many individuals wish to purchase a house. These appealing rates help keep the real estate market going because a lot of people need loans to purchase houses and low-interest rates make the overall purchase cheaper. So long as the rate of interest remain rather stable, prospective homebuyers will still be expressing excellent interest in the purchase of a house simply because low-interest rates make the investment more cost effective. 

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    Length of the ARM Fixed Rate Portion Is Increasing

    For those who have variable-rate mortgages (ARMs), they may have worried about the adjustable rate part when their repaired rate part was diminished. Recently the fixed-rate part 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 brought in people to purchase a house by means of an ARM that has this new lengthier fixed-rate duration.

    Flipping of Real Estate in East HillsNot As Common As It May Seem

    Some people have been concerned that flipping of real estate, which is the purchase and quick sale of the real estate afterwards, is something that might cause the real estate bubble to burst. However, those who have expressed issue can rest simple understanding that the percentage boost with regard to flipping from 1998 to 2003 is just 1%. When seeing the overall scheme of things, a 1% boost within 5 years is not something that ought to cause too much issue.

    The real estate market has been doing quite well in the past few years and the above factors 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. However, the real estate market seems to be remaining steady and while home prices might continue going up supply is not outweighing need and individuals keep buying. So, just the future will reveal when the real estate market starts slowing down.

    Visit our offices in East Hills and Pleasure Point, Panania, Voyager Point, Sandy Point, Picnic Point, Milperra, Revesby Heights, Revesby, Hammondville, Holsworthy

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