This is a question I have been asked occasionally in the last few months, more often recently. It is a question worth considering. Many experts, with a much wider view of the national real estate market than I have, seem to think we are not headed for a crash. In a very interesting, April 4, article on Forbes Advisor they give an optimistic 5 year projection.
They start with the question, Are We Headed to a Housing Bubble? They go on to give three reasons Why The Housing Market Will Stay Hot.
- Housing Demand Is up Among Millennials and Gen Zers Coming Behind Them
- Demand Will Continue To Stay Ahead Of Supply
- Expected Low Level Of Mortgage Defaults
They do acknowledge that both Inflation and the War in Ukraine could have a negative impact on the Housing Market. They finish with advice on things that homebuyers should consider when deciding to buy a home or to wait.
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