With bidding wars, low housing inventory and sky-high prices, it’s no secret that we’re in an overheated real estate market. It’s not all the fault of the pandemic.
According to Peter Lane Taylor, writing for Forbes, contributing factors also include the fact that home building in recent decades has not kept pace with population growth, tens of millions of Millennials are reaching home-buying age, and mortgage rates are at record lows. Are we in a bubble that’s about to burst? The answer could determine whether you should buy a house now – or wait. The factors in this scenario are complicated – but well articulated in the Forbes article. Read it here, then talk to a professional at Vanguard Realty Associates. We’ll help you make a buying — or selling — decision that’s in your best interest.