BREMERTON REAL ESTATE BUBBLE – WHAT YEAR WAS THE PEAK?
By Jo Olson, Retired - HOMEFRONT Realty @ LAKE Roosevelt
(HOMEFRONT Realty)
January 21, 2014 by Jo Soss We can FINALLY look back and see the peak and the bust. The figures are not pretty and we still have a long way to go, but its nice to see what really happened instead of reading all the speculation. Real Estate Bubble: Web definitions A real estate bubble or property bubble is a type of economic bubble that occurs periodically in local or global real estate markets. It can be identified through rapid increases in valuations of real property such as housing until they reach unsustainable levels and then decline. … http://en.wikipedia.org/wiki/Real_estate_bubble The Bremerton Real Estate Bubble was identifiable due to the rapid increase in housing prices and yet it can only be definitively measured in hindsight after we had the market correction. So wh...
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