Barb Schlinker The Real Estate Voice

Reasons Why we are Definitely NOT in a Housing BubbleSegment 1This real estate market is very robust, many people fear that it will come crashing down like it did in 2008.  Why are we NOT in another Housing Bubble?Home Values Increased over 16.2% in just 1 year!1. This time, housing supply is extremely limitedThe price of any market item is determined by supply and demand.In real estate, supply and demand are measured in “months’ supply of inventory,” which is based on the number of current homes for sale compared to the number of buyers in the market. The Colorado Springs Region has a 2 Week Supply of Homes – Sellers’ MarketBetween 2006 and 2008, the months’ supply of inventory increased from just over 5 months to 11 months. 2. This time, housing demand is realBecause Loans were so easy to get – the Buying Frenzy took holdMany of those people could not afford the loans they receivedMany got Teaser Interest Rates that Ballooned in 2 yearsMillennials, the largest generation in the country, have come of age to