As each new set of property data is released, it becomes more obvious that some housing markets will be in for a rough ride.
Interestingly, many experts fail to grasp the reasons why property prices rise quickly during booms but slide backwards slowly during downturns.
Sales increase quickly when markets are hot, and prices shoot up because properties are snapped up as soon as they come on the market.
There are very few properties listed for sale, being outnumbered by large numbers of bidders who compete with each other to purchase, and as long as buyer demand remains high, a boom results.

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