It’s time for agents to start thinking about the next downturn in real estate.
We’ve had a slow recovery since 2008 collapse and real estate has started to accelerate in many areas due to inventory shrinkage and shortages.
In some area’s such as the Baltimore Metropolitan area where we are located, the investors are flooding into the market and in many cases, have lost their minds, again. It reminds us of 2005 all over again.
We are starting to see the dreaded “Condo Conversion” mania coming out of the DC Metro area and it seems the new crop of investors haven’t bothered to read history.
It’s only a matter of time before something changes in the economy and many investors are going to realize what they thought was a dream deal, is now a nightmare deal.
Stay tuned and keep your eyes open!