Reply to I think the bubble is popping.

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Reply to "I think the bubble is popping."

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[quote=Anonymous][quote=Anonymous]The pandemic is over.  People who wanted to move now feel safe trying to do so, which means they have homes to sell.  There's a bit of a conundrum in that no one wants to put their home on the market if they can't find another place to live, but I bet those worries will subside as the pandemic is over and we all get back to normal in 2022.  The days of crappy homes getting 10 offers with vastly over asking bids are probably ending, so if you want to sell, now is the time to do it before the peak ends.  2022 and beyond will likely get back to normal.  Any rate hike will potentially knock a lot of wind out of the market.  People have gotten used to almost 15 years of cheap money.  The days of cheap lending may be ending though.  [/quote]
Millennials are in their 40s and looking to settle down. Inventory is still at historic lows. Nationally, household balance sheets look great and home equity levels are in very good shape.  I agree that a rate hike could slow things down, but there is still a lot of tailwind in this market for many years to come. [/quote]

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