Housing Bubble?
There is a justifiable concern about the possibility of a housing crash. Many people, in and out of the real estate industry painfully remember 2009-2013. But, we have to remind everyone that inventory is very different today. There are simply more people wanting to buy a home than there are homes available, and the number of buyers has been rising. 2021 just finished with 6.1 million homes sold. We have high buyer demand, coupled with low inventory. This is a significantly different fundamental than when the bubble burst in 2009 and the truth is that the people who are purchasing these homes can afford them this time.
Novella Real Estate