Thursday, May 6, 2021 / by Capprice Kitchen
Today I’m sharing three reasons why we’re definitely NOT in a housing bubble!
Number One: Inventory Is Low!
When we talk about inventory in real estate, we’re basing that on the number of homes for sale compared to how many buyers are on the market. In 2008, there were WAY more homes for sale than there were buyers and when homes should have dropped in pricing, they increased! This meant that thousands of homes sat on the market because demand was low and they were overpriced. In 2020 and 2021, we’re seeing the exact opposite. We’re seeing more buyers than there are homes for sale and homes are naturally increasing because of supply and demand.
Number Two: Demand Is Supported!
In 2008, buyers bought homes out of fear that prices would skyrocket. With no concrete contributing factors, the house bubble burst. In this current ma; ...