Yeah, I know….I have repeatedly said, "the market is the HOTTEST it's ever been," but there are also whispers of a possible crash or house bubble pop.
Here are a few reasons I don't see a crash coming any time soon.
Supply, Demand, and Financing
While there is a limited supply of homes, the demand has been high, which drives the prices of houses up, making the market more competitive.
HOWEVER, that demand has started to decrease just in the last few weeks, and here's why -
interest rates and home prices continue to rise.
With the demand lessening and the inventory rising ever so slightly, I believe the supply and demand within the market will begin to level out and become much more standard within the next couple of months.
Let's chat about financing - if we compare the housing crash of 2008 to now, borrowers are now far more qualified for their mortgages due to strict income requirements and employment verification, whereas anyone and their dog were approved for loans 14 years ago.
No matter what the market is doing, I'm here to help you navigate the buying and selling process with ease.
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