Explaining why our current market isn’t anything like the one from 2008.
Are we in a real estate bubble? I’ve been asked this question a lot recently, and it’s easy to see why. Global affairs are reaching a fever pitch, and our market has been white-hot for a while. Is it sustainable for things to stay this fast-paced for so long? Despite these reservations, I don’t believe we’re in a bubble, and today I want to talk about why.
You can watch my full explanation in the video above or skip to each topic using the timestamps provided:
0:00 — Introduction
0:33 — Why people are worried
1:12 — Despite the uncertainty, home prices continue to rise
2:23 — Our inventory is historically low, but homes are still selling
4:14 — During the last crash, we had too much inventory. Now, we don’t have enough
5:35 — Loan practices are completely different
6:20 — Real estate is a strong hedge against inflation
7:10 — Homeowners have more wealth than renters
7:59 — Wrapping up today’s topic
If you have questions about today’s topic or anything else, please call or email me. I am always willing to talk.
