Michigan Real Estate, BOOM or BUST!?

[Andres Garcia]

I live in Michigan, and the housing market is so damn competitive real estate blogs calling it “absolutely crazy”. Listing rising by double digits for every offer, and I heard something about our market rising 40%. I see my city growing every single day with new built neighborhoods, and new built condominiums. The thing is in my 21 years of living here I’ve never seen Michigan valued this high and never seen the scene so competitive (I feel like I’m living in Texas right now). Should I wholesale deals even when the comps are questionable? Or should I expect a bubble being formed and wait for it to bust? This is like Real Estate innovation for us, we are setting the bar higher but we don’t know how high?