Both of my real estate markets are hot!
I live and work in both Florida and Sweden. These are two very different real estate markets with their own strengths and challenges.
They are both getting sort of hot at the moment. Not perfect in my opinion as this is not good times for buying, my favourite thing to do. However. Not bad either as the value of our properties are going up.
There are a few things indicating hot markets. One: house prices are going up. Two: there are more buyers for every sale. Three: The bidding usually ends way above asking price rather than under. Four: A lot more new places are being built. Five: Relatively bad lot’s are getting sold and built on. Five: Time for a photo. (more…)