We’re experiencing a market correction, not a housing bubble. I’ll explain what that means.
What’s the truth about the 2021 “housing bubble”? We’re getting questions about this so-called housing bubble constantly, so today I’m discussing that subject in full. First, you should know that we’re not in a bubble at all. We’re currently in a real estate market of extremes, but that doesn’t automatically mean it’s a bubble.
Feel free to watch the full message above, or use these timestamps that will direct you to various points in the video:
0:05 — Introduction to today’s topic
0:35 — We’re not in a housing bubble
1:20 — How the 2008 housing bubble came to be
1:50 — The difference between the last housing bubble and the present market
2:35 — What’s causing low inventory?
3:35 — Why the 2008 bubble popped
4:30 — Our 2021 market correction
5:25 — How changes in interest rates come into play
6:30 — Wrapping up today’s topic
If you’re considering making a move or want to talk through the impact of today’s market, contact us via phone or email. We’d love to help you strategize for your situation.