by Sasha Cekerevac, Investment Contrarians:
Is the housing market moving up too fast? As strange as that sounds, considering the crash in the housing market a few years ago, there is a very real possibility that people are beginning to aggressively speculate once again in the housing market.
That flurry of speculators out for quick cash is partially what led to the boom in the housing market last decade. Many people considered the housing market as a means to get rich, and it was fuelled by very low interest rates. That escalation of buying and selling resulted in prices for the housing market far higher than it could sustain. And to the inevitable crash.
Recent data shows that the housing market, instead of stabilizing, is actually seeing an acceleration of price increases.
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