In the first half of this year you have already seen a huge shift in the real estate market after the last few crazy
years we’ve been through. You’re wondering what does that mean for you and your real estate dreams?
Let me assure you, experts across the board do not believe we are in a bubble, and I have a lot of experts to bring to you today.
Hi, I’m Sherri Echols, Broker Associate with RE/MAX Bryan – College Station, let’s dive right in to the juicy stuff!
Realtor.com states, “Experts don’t believe the market
is in a housing bubble or a crash is in the cards, like during the Great Recession. The nation is still suffering from a housing shortage that has reached crisis proportions at a time when many millennials are reaching the age when they start to consider home ownership. That’s likely to
keep prices high.”
With millennials being the second largest generation we currently have, the increase in buyer demand that’s been driving a price increase is not a short term problem.
You’re worried that Inflation and the possibility of a looming recession also appear to not be short term problems. But don’t let that scare you. You can see here (Slide 21) that recession does not equal a housing crisis or a crash.
More often than not, the housing market actually improved during recessions. So don’t let these worries keep you out of the market!
That’s what the future of the market looks like
according to experts. I’m your Community Market Leader Sherri Echols, a helping hand for a happy home.
