Barb Schlinker The Real Estate Voice

Top 8 Reasons a Housing Crash IS NOT On the HorizonSegment 1Top 8 Reasons a Market Crash is NOT on the HorizonBarb, you have mentioned that many people are concerned that we are in a Real Estate Bubble and could face a market correction. But things have suddenly turned from slightly slowing to heating up again.  Tell us about it..> People are concerned about another housing bubble.  However….The 2007 Housing Crisis Was an AnomalyHousing Crisis & COVID Had a Profound Impact on Housing StartsPikes Peak Market Under $Million Still Showing a LOW Supply:But FAR LESS INVENTORY THAN 2019Supply and Demand:Approximately 653 Available SFA Homes & 766  (all types) in 3 counties: El Paso, Teller and Elbert.  That’s a 38% DROP IN AVAILABLE HOMES IN 1 MONTH!1525 sales per month, we STILL cannot re-supply the demand.  There are 11% MORE Sales taking place than there were in 2019 before COVID.Mortgage Interest Rates Still Low30 Year Fixed 3.1%VA / FHA mid 2.5%-#1 Reason Why Its Not a Real Estate Crasho Answer: CON