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Peter Mohylsky, Destin BeachPro, Call me at 850-517-7098 (PMI. Destin)

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Rainmaker
1,368,280
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I disagree about the normalcy of the current market. I am not sure that we can define normal anymore. We are not in a "balanced" market, if you call that normal.

I also disagree that we are in a bubble. A "bubble" is an artificial, unsustainable market. Our market is for real and is driven by low interest rates, low inventory, and strong buyer demand. Changes in these elements can change the market.

Apr 23, 2021 06:53 AM
Rainmaker
5,173,957
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I do not believe we are in a bubble. We are in a market where demand is much higher than supply... that does not a bubble make. We'll be in a more normal market when there's more inventory that is closer to meeting buyer demand for it.

Apr 23, 2021 08:14 AM
Ambassador
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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Hi, Peter.

       Please define "normal real estate market".

Apr 23, 2021 07:07 AM
Ambassador
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Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
The best agent in Southern Utah!

Not a predictor of future events Peter...oh wait, let me get Aunt Zelda's crystal ball! LOL

Apr 23, 2021 07:31 AM
Rainmaker
1,219,633
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

Your guess is as good as mine. 

Apr 23, 2021 06:50 AM
Rainmaker
1,857,287
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

I don't care what that dictionary says, we are not in a bubble. I thought a bubble was short & swift & it was over with. This has been like this for 2 years now I'm sure.

I saw it coming doing my market reports.  Nothing ever over 3 months of inventory.

Apr 23, 2021 12:06 PM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I have no clue - 1.5 years ago I did not see what we are currently experiencing coming. I continue to watch the market stats closely for "trends" and indicators of when the market may be shifting.

Apr 23, 2021 08:00 AM
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Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

There is always a 'bubble" going on in certain areas. Concentrate on your clients one at a time. Make your own market for your SOI.

Apr 23, 2021 09:10 AM
Rainmaker
5,773,797
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Peter,

I have no idea, now is what is normal, and now will no doubt change as the nows continue...What we know is that we are not buying or selling now!  A

Apr 23, 2021 09:50 AM
Rainmaker
637,484
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

I don't see a "bubble".  There just is no inventory.  If there were a bubble, people would buy and sell the homes quickly to gain.  And that's not what's happening, at least here in Carmel and Pebble Beach.  People are buying to get away from the Bay area and into bigger homes for their families.  Every day on the MLS I see lots of homes coming on the market in San Francisco and other Bay Area cities.  Here on the Monterey Peninsula? Virtually none.  Pebble Beach, for example, usually had about 100 homes for sale; now it's down to 30, and 2/3 of them are $5M and up so out of reach of many buyers. Those that come on the market at the low end, go under contract fast.  How do I see the future? At this point in time, it will still depend on the pandemic. 

Apr 23, 2021 11:16 AM
Rainmaker
1,239,139
Peter Mohylsky, Destin BeachPro
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

What Is a Housing Bubble?

A housing bubble, or real estate bubble, is a run-up in housing prices fueled by demand, speculation, and exuberant spending to the point of collapse. Housing bubbles usually start with an increase in demand, in the face of limited supply, which takes a relatively extended period to replenish and increase. Speculators pour money into the market, further driving up demand. At some point, demand decreases or stagnates at the same time supply increases, resulting in a sharp drop in prices—and the bubble bursts.

Apr 23, 2021 07:36 AM
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Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

No bubble here - and in fact, I JUST wrote a post about that! LOL

Apr 24, 2021 06:34 PM
Rainer
509,449
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

I have no idea.  It seems that the Dallas market has been a seller's market for a very long time.  There was a short period near the end of 2018 when it was slower but then it went "crazy" again.  Then early 2020 when everything slowed for a short period but it quickly turned around again.  

Apr 23, 2021 02:15 PM
Rainmaker
2,220,690
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

No , scarcity will not subside for at least 2-3 years

Apr 24, 2021 04:56 AM
Rainer
392,563
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

I think that's going to depend on the number of REO properties that come to market after foreclosures begin again.

Apr 23, 2021 01:06 PM
Rainmaker
1,577,655
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

We are not in a bubble in CA.

It's not 2007, it's 2021.

Supply & Demand is a law, it's not a bubble.

There will be no "pop" only a slow deflation as the Fed adjusts rates for inflation in 2022 (estimated).

When 30-year fixed-rate loans do begin to rise, it will put downward pressure on demand for homes naturally and we'll see a shift...not a pop.

 

Apr 24, 2021 11:00 AM
Rainmaker
923,174
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

We had a builder panel in our office with a variety of builders speaking. The consensus was it will be 10 years before we get back to a stable (neutral buyer/seller) market. They think that is how far we are behind on housing.

Apr 24, 2021 06:23 AM
Rainmaker
5,331,728
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

As long as the government prints money and finds excuses to give it away, how can the bubble burst?

Apr 24, 2021 04:36 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Don't see a threat to the bubble at this time.
However. the cost of everything from paper towels to printers, from inssurance to taxes on commercail real estate rent, from school taxes to unemployment insurance taxes. (from $7 per employee to $49 per month today and promising to be $80 in June).
And we have not considered that 10 TRILLION recently spent in deficent.
A huge economy shift from fossil fuels the fairy dust.
The wise may choose to hunder down till the dust settles.
Renting will be the only option for many.
I'm listing a modest house at $300 a square foot. That would normally be the Prom Queen in my area.
I'm certainly happy I'm not looking for a house.
The good news is those fixer-upper guys and remodlers are in every driveway. People have elected to stay put.

Apr 23, 2021 02:01 PM
Rainmaker
5,912,618
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I think there is an echo.....

As for our market, think Denver's economy is very strong, and do not see a change in the near future.   

Apr 23, 2021 12:13 PM
Rainmaker
5,050,232
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I think we are not in a Bubble butthat builders are cutting back because materials are so high right now.

 

Apr 26, 2021 08:30 AM
Rainmaker
547,797
Steven Nickens
Hawaii Life Real Estate Brokers - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

If Biden, passes the new capital gain rate. Sellers are looking at their bottom line, they might choose to hold till we get a new president.

Apr 25, 2021 05:23 AM
Rainmaker
1,074,829
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Real estate markets are ALWAYS local, hyperlocal AND CYCLICAL.

This is a very unique market, but rapid growth is never sustainable.

I'm more worried about the stock market than the RE market right now and many others are as well . . . 

Lots of variables. 

Apr 24, 2021 07:34 AM
Ambassador
2,376,384
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Supply and demand Peter Mohylsky. Broker Associate  when demand is high so are the prices Real Estate 101 learned that in Real Estate School 37 years ago 

When demand is low so are the prices 

Apr 26, 2021 02:05 PM