Our market is crazy, but that doesn’t mean we’re on the verge of a crash. Here’s why.
Many Americans are wondering whether we’re in the midst of a housing market bubble. A lot of people still have painful memories of the crash in 2008, and they’re concerned that history is about to repeat itself. However, there’s currently no data that supports the possibility of another housing market crash. A lot of this has to do with forbearance, which is what we’ll be talking about today.
For your convenience, I’ve included timestamps for today’s video topic. Feel free to navigate to the section(s) you’re most interested in viewing:
(00:09) — Introduction to today’s topic: Are we in a housing bubble?
(01:25) — 7.2 million homeowners requested forbearance, but 5.2 million removed it
(02:09) — Buyers shouldn’t wait for a wave of foreclosures
(03:05) — Lenders today are making sure borrowers can afford to pay
(03:57) — There aren’t enough homes to satisfy buyer demand
(05:02) — Stagnant inventory growth and low interest rates created our market
(05:58) — Homes are selling to the highest bidder
(06:39) — You need to work with an expert agent to get your offer accepted
(07:38) — Professional staging can make a huge difference for sellers
(08:25) — Conclusion to today’s video
If you have any questions or would like to learn more about buying or selling a home, feel free to reach out to me. I look forward to hearing from you soon.