Current attractive real estate market is not only attracting the locals, but also many people from out of state. It even attracting many companies from out of state, who are trying to take advantage of this current market and looking at it from a business point of view. That's a scary thought. Last time we looked at a house as an investment first and then a place to live, caused over inflation of the housing price and then we all crashed.
Some are suspecting that the current interest rate hike may slow down the rise we are experience right now. According to Core Logic report, we are almost at the high of our affordability level. Beyond this level would definitely make the market vulnerable again.<br><br>Hopefully the trend will be pulled back a little and stability will be restored.