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“No Housing Bubble for Florida,” According to UCF Economist

August 7th, 2013 | Written by | 1 Comment »

The recent housing market’s double-digit appreciation is starting to make it feel a lot like the good old days before the bust of 2008. But according to University of Central Florida economist Sean Snaith there is no housing bubble this time around. In a new report he wrote:

There are two key differences between the current run-up in the housing market and the bubble that upon bursting took the state deep into recession. First investors in the current market are not the flippers of the previous bubble. Holding periods this time around will be measured in years rather than days. Second, housing finance remains much more restrictive than the anything-goes-loan-approved reckless lending environment that fueled the housing bubble.

The run-up in housing prices is more a function of the nature of the housing market. There is no just-in-time supply chain management in the housing market. There are significant lags when it comes to housing supply.

So here is to real estate’s second chance. Let’s make it a great one! How confident are you in the re-surging market? Please leave your comments — we want to hear from you!

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