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    o slow the economy decided to put on the brakes by raising interest rates and they will continue to do so until housing and energy costs start to decline. The strategy is definitely working as most indicators are that the market here is off by almost 50% compared to last year and similar reports are coming in from other areas ac
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    Has the real estate bubble finally burst? Are we going to see another market crash? What will interest rates do over the next year and where is our market headed?

    These are the questions everyone is asking and not just people here on the Outer Banks. The real estate market continues to make national headlines everyday in all the major media and for good reason. Real estate has been one of the driving forces of our economy for the last 5 years. So what does the future hold? Is there such a thing as a bubble? Let’s take a look.

    The real estate market is very similar to other markets in that its values are primarily affected by factors such as inflation, interest rates, supply, demand, consumer confidence and media hype. The real estate market has been red hot simply because money has been extremely cheap and easy to get. People realized very quickly that they could afford twice as much home for the same monthly payment because they could borrow money cheaper and in some cases as much as 50% less than their current interest rate. This created a buying frenzy which increased the demand for new housing as well as providing fuel for the remodeling boom. This demand has driven land and housing costs as well as material and labor costs to record levels all across the country. The fed in an attempt to slow the economy decided to put on the brakes by raising interest rates and they will continue to do so until housing and energy costs start to decline. The strategy is definitely working as most indicators are that the market here is off by almost 50% compared to last year and similar reports are coming in from other areas acr

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    l the major media and for good reason. Real estate has been one of the driving forces of our economy for the last 5 years. So what does the future hold? Is there such a thing as a bubble? Let’s take a look.

    The real estate market is very similar to other markets in that its values are primarily affected by factors such as inflation, interest rates, supply, demand, consumer confidence and media hype. The real estate market has been red hot simply because money has been extremely cheap and easy to get. People realized very quickly that they could afford twice as much home for the same monthly payment because they could borrow money cheaper and in some cases as much as 50% less than their current interest rate. This created a buying frenzy which increased the demand for new housing as well as providing fuel for the remodeling boom. This demand has driven land and housing costs as well as material and labor costs to record levels all across the country. The fed in an attempt to slow the economy decided to put on the brakes by raising interest rates and they will continue to do so until housing and energy costs start to decline. The strategy is definitely working as most indicators are that the market here is off by almost 50% compared to last year and similar reports are coming in from other areas ac

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    inflation, interest rates, supply, demand, consumer confidence and media hype. The real estate market has been red hot simply because money has been extremely cheap and easy to get. People realized very quickly that they could afford twice as much home for the same monthly payment because they could borrow money cheaper and in some cases as much as 50% less than their current interest rate. This created a buying frenzy which increased the demand for new housing as well as providing fuel for the remodeling boom. This demand has driven land and housing costs as well as material and labor costs to record levels all across the country. The fed in an attempt to slow the economy decided to put on the brakes by raising interest rates and they will continue to do so until housing and energy costs start to decline. The strategy is definitely working as most indicators are that the market here is off by almost 50% compared to last year and similar reports are coming in from other areas ac
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    e cases as much as 50% less than their current interest rate. This created a buying frenzy which increased the demand for new housing as well as providing fuel for the remodeling boom. This demand has driven land and housing costs as well as material and labor costs to record levels all across the country. The fed in an attempt to slow the economy decided to put on the brakes by raising interest rates and they will continue to do so until housing and energy costs start to decline. The strategy is definitely working as most indicators are that the market here is off by almost 50% compared to last year and similar reports are coming in from other areas ac
    Internet Marketing Requires Lots of Patience!
    When you first make a decision to start an Internet business or to put your existing business online, it helps if you have a realistic appreciation of just how long it takes to break-even on your efforts. Usually, it takes several months!Putting up a business Website is just the beginning. The real challenge is to achieve visibility in the crowded Internet marketplace. The days are long gone when you could expect to sit back and wait for potential customers to find you. Now, you must be prepared to invest heavily in time and effort to attract tra
    o slow the economy decided to put on the brakes by raising interest rates and they will continue to do so until housing and energy costs start to decline. The strategy is definitely working as most indicators are that the market here is off by almost 50% compared to last year and similar reports are coming in from other areas across the country.

    Does this mean that the bubble has burst? No. We are just entering a new cycle were everyone is selling and when you flood any market with product conditions and prices change rapidly. The market is simply adjusting to a more moderate rate of appreciation. However this is a good time to buy if you practice the investment strategy rule of opposites or contra cycle buying that tells us to look at what everyone else is doing and do the exact opposite. In other words the time to buy is when everyone is selling and the time to sell is when everyone is buying. This may sound obvious and simple but just take a look at what the market is doing. Sellers are flooding the market at a rate of almost four to one when compared to closed sales. The best deals are always made in the contra cycle mode.

    Is there still opportunity to make money in real estate? Absolutely! More people have become wealthy through real estate than any other investment vehicle in our country.

    Real estate has always been a sound investment and if you know how to buy property and choose the right kind of financing to achieve your goals the opportunities are unlimited. Structuring the deals with the proper financing is really the key to making money in real estate regardless of the interest rates. Let’s say you

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