Published October 1, 2021

Homes Are Still Selling Fast- List (Or Buy) w/ The Shanna Day Team!

Written by Shanna Day Team

Homes Are Still Selling Fast- List (Or Buy) w/ The Shanna Day Team! header image.

Buyer demand hasn't slowed down one bit. Until more houses come onto the market house prices will remain high. It's a simple issue of supply and demand.

There isn't a bubble - and I don't foresee a crash. It's important to note when people talk about a "crash", their definition varies. A crash to you might be a 30% fall in values, someone else might say a crash is a 50% pop like the housing crisis in 2006.

Realistically if a crash were to occur it would look like maybe a 5-10% correction, not a crash. That can't happen when the true market variables driving price are supply and demand. Buyers are still buying like crazy, even at these high prices, so supply can't catch up. Builders are 4-5 years out from catching up so new supply is limited also.

Waiting to buy because waiting for a crash is almost like waiting for something to never happen. The chance of a crash is zero percent. The market will correct and house prices will correct, but that won't be a crash. However, by the time a correction occurs, if it does, interest rates will be higher - making waiting more costly than just purchasing today. Buying today is still the smarter move!