News and Notes From Our May Market

Here are the latest news and notes from our May real estate market.

The real estate market remains hot, hot, hot! Inventory is still down; if we look at the country as a whole, we’re underbuilt by almost four million homes. Demand is high, interest rates are low, and people are still flooding out of the cities. 

Many people are asking if we’re in a housing bubble. The short answer is no, this is not the same market as in 2008, and we’re not going to crash. Lumber prices are through the roof; housing continues to outpace lumber prices. We can’t get building supplies; even tips for silicone guns are unavailable. That’s slowing down homebuilding, so that market will remain hot. If you’re waiting for the market to tank, you’ll be waiting quite a while.

We have three new real estate agents in our office, and we’d love for you to come by one of our next events and meet them! We’re also considering hosting investor nights to discuss helping people invest in real estate and create a future for themselves and their families. We’ll talk about how to make more money and even put your kid through college by investing in real estate. When we show you the numbers, you’ll be blown away. If you’re interested, please reach out to me because I’d love to start putting those events together.

If you have questions about the market or real estate in general, call or email us. We would love to help you.