We listened to a Real Estate webinar recently – Brian Buffini’s Bold Predictions Mid-Year Update – which we found very interesting and thought we’d share some tidbits with you. Also on the webinar was the National Association of Realtors chief economist, Dr. Lawrence Yun.
One of the most asked questions we get from clients is regarding a potential Real Estate Bubble – “Is the market going to crash like it did in 2007-2008?”
The consensus from both Brian Buffini and Dr. Yun was no, there isn’t a Real Estate crash coming for several reasons which are listed below (keep in mind these are national stats).
Both Brian Buffini and Dr. Yun believe that housing inventory will increase in the next 6 months or so, due to an increase in new home construction, people that have put off a move because of the COVID pandemic and now decide to sell and a small percentage of owners will need to sell because the foreclosure moratorium will expire.
Please give us a call if you'd like to discuss how this affects your real estate goals.
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