Are we in a housing bubble?
By Rose Nied, Luxury Realtor Serving Omaha/Elkhorn Areas
(Better Homes and Gardens Real Estate-The Good Life Group)
The “warning signs” look all too familiar. Escalating home prices have both buyers & sellers worried that the market is just “too good to be true,” and agents across the U.S. are getting bombarded with the ultimate question: “Are we in a housing bubble?” Let’s take a look at 3 key factors that suggest we’re not, so you can educate your clients and calm fears in your market. PART 1: HOUSING SUPPLY Last year, home values appreciated an average of 15% across the nation. And while this year’s growth isn’t expected to match it, buyers and sellers are still worried that home prices are too high and that depreciation is likely to follow. However, unlike the Housing Bubble years of the mid-2000s, the major factor driving up home values is that we’re also in a dire inventory shortage. A balan...
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