04/06/2022
Housing bubble: believe it or not?
I have had several clients tell me, they believe we are in a Housing Bubble, this article breaks it down.
The growth in demand for housing, which has accelerated materially in just the past few years, is related to several factors.
The first and most obvious factor is that a large demographic segment, the Millennials, are reaching the age when folks typically buy homes. Some Millennials had deferred homeownership until now due to inadequate incomes or savings.
A second factor is the trend toward “work from home”, which many believe will be a lasting legacy of the COVID pandemic. Given that these sources of demand are highly unlikely to abruptly reverse, it seems that demand is likely to remain elevated well into the future.
If you waiting for the "bubble" to break, you may be waiting for awhile before you buy a home. Put your questions, concerns and what if's to rest and call me today 775.233.2194 and lets see what you qualify for and start building your homebuying plan.
