Property in the lakes region always slows this time of year and this year has seen a big run up in prices. I think people are just throwing properties out there right now to see if people will bite.
Prices are absolutely over inflated but from what I've seen, people are flush with cash and many sales are going through with cash offers so I don't see foreclosures being an issue.
It will be an interesting spring market. I'm just happy I can sit back and watch.
I think the only thing that will negatively affect the real estate market would be a recession.
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