I have so many clients asking me this question right now, and since I don’t have a crystal ball, my honest answer has to be “I don’t know.” Really, no one does….What I DO know is that there are MULTIPLE factors that influence the housing market. Right now, SUPPLY – the number of homes on the market, is extremely low, while DEMAND – the number of people wanting to buy homes, is extremely high. This has led to record-setting price increases, and has left many people wondering, “Can this go on?” The answer to this question depends on multiple factors out of our control. If you’re watching the real estate market in the Denver Boulder Area and are wondering if there is a bubble, and if so, when or if the bubble will pop, this YouTube video from Mark Moss is a MUST SEE. What do you think the Fed will do with the eviction moratorium? Do you think the Fed will continue to buy mortgage backed securities, or start tapering off, as they have considered doing? How will this affect you? Are you a homeowner looking to sell? Are you a homeowner looking to buy your dream home or a first time homebuyer trying to buy your first home? Are you an investor looking to buy at the right time?
So you see…. yes, there is a bubble – there is always some sort of bubble. Will it pop? I’m with Mark on this one…. the Fed has put too much money behind keeping the markets stable to stop now, but who knows. Only time will tell…. What do you think?
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