Barb Schlinker The Real Estate Voice

Are We In a Housing Market Bubble in 2022Are We in a Housing Bubble Starting 2022Barb, you keep telling us about the low housing inventory.  Some buyers may be sitting on the sideline thinking the rising prices will cool off, especially with mortgage interest rates creeping up.  We are 1 month in to 2022, what is your sense of where this market is going and why?    Hey Richard, well I can tell you there is a increase of both buyers and sellers at the moment trying to beat the interest rate spike.My opinion is this market will remain very strong.Here are the Facts:588 Properties for sale in 3 Counties: El Paso, Teller & Elbert496 Single Family Homes on the MarketFeb 2020 there are 1516 SF Homes on the Market67% DECREASEYET 14% More Home Sales I’m Feeling the Demand with Every Home I put on the Market.Mortgage interest rates are STILL very low…low 3.375Expectation is that they will go up to 3.75I think that is manageable for mostA Surge in Interest rates are the thing to watch…July - Sept 2018 rates went fr