DOES DAYTONA BEACH HAVE A HOUSING BUBBLE?
Posted by Oceans Luxury Realty on
Does Daytona Beach Have A Housing Bubble?
Is there a housing bubble forming in Daytona Beach? Many home buyers are questioning this due to the high demand for housing and the apparent low inventory. What is causing this enormous demand and can the market sustain it? Is it occurring due to the Pandemic?
A housing bubble is defined in the article by the Buyers Agent of East Florida as "an increase in housing prices fueled by demand, speculation, and fervor in the market. Bubbles normally begin with an increase in housing demand, usually accompanied by a very limited supply. When speculative housing investors enter the market it further spikes demand, which increases prices even more." There are many who debate that even though it appears we are…
551 Views, 0 Comments