With a very high demand in housing and buyers paying way over asking price, is this real estate market sustainable. When is the housing market going to crash. Is the Orange county overheated. Is there a housing bubble in 2021 and 2022 coming. Will the housing market crash in 2021 or 2022. Who Knows?
It is a wild market. See this videos with chart and explanation and decide for yourself! Real estate predictions for the 2021 and 2022. watch and check out this video which is packed with charts and slides showing the current state of inventory, interest rates, new construction housing, and even equity and predictions from the experts as to where these numbers will be for the rest of 2021and into 2022.
You need to know where this market is going and how that can benefit or hurt you. Why the combination Housing Shortage and Low Interest rates and of course the impact of Corona virus has affected the housing market: Slow Pace of Construction. Sellers not choosing to move due to Covid and high price on thier buy side. Higher equity in homes causing many sellers to remodel and stay. Low interest refinance and locked rates causing sellers to stay Work from home model causing buyers to move to cheaper and suburban areas to move The Affordability index is more favorable now due to low interest rates Profit from stocks is fueling home buyers and investors. Foreign money coming in droves
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Mahesh Mike Patel | First Team And Christie’s International Anaheim Hills Ca 92808. 714-470-8600 Mike@MikePatel.com https://www.mikepatel.com/ dre 01146880