Real Estate Professional Sees No Future Housing Bubble

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Real Estate Professional Sees No Future Housing Bubble

Real Estate Professionals and experts sees no bubble. With this year’s home prices expected to increase by more than 5%, a lot of people are worried that a housing bubble will form. Fortune Magazine invited Warren Buffet to address the issue in this article, and he explained that at the moment he does not see a nationwide bubble at all.

Furthermore Buffet was asked about real estate and mortgaging, and whether either of these could present similar challenges for the economy that they did in 2008.

Buffet replied: “I don’t think we will have a repeat of that.”

What circumstances are causing home prices to go up?

The theory of supply and demand explains why there is a lack of homes for sale while the demand for inventory remains high. The National Association of Realtors (NAR) questioned a survey of real estate professionals and found that in 44 of 50 states, buyer traffic was considered “strong” or “very strong”.
(Exceptions included Delaware, Alaska, West Virginia, Wyoming, North Dakota and Connecticut.)

The latest Pending Home Sales Report by NAR showed that the current index is at its highest in a year.

What can we expect for the future?

The continued increase of home prices will result in increased equity for more homeowners, enabling them to put their homes on the market for a good profit. As inventory increases, we should see prices balance out to more manageable, normal levels.
The president and CEO of CoreLogic, Anand Nallathambi spoke about the issue saying that increased home prices have been a driving force behind positive home equity. In the future we should see a better balance between supply and demand, which will encourage healthier and more affordable home prices in the future.

Have you been thinking about buying in the current market? We can help you with that! Before we begin, check out 2 Reasons That You Shouldn’t Wait To Move Up To Your Dream Home Now! to find out why you shouldn’t wait to buy your dream house!

Are you interested in buying Homes For Sale in Ballantyne area? Send us a message here and we can get back to you about the great properties for sale! If you’d like to speak directly to one of our qualified real estate professional, please give us a call at 704.997.3794.

If you decide you don’t like your home we will sell it for free. *some conditions apply*

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