Reply to Remember all the dorks spamming last year real estate was going to crash?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]In retrospect of course it now seems that it was a good decision to buy. However, when you see a house increase from $1.2 to $1.8 in a matter of just a few years, it is hard not to wonder if the buyer could be overpaying. This does not seem to be a normal rate of increase for housing - especially when mortgage rates went up at the same time. [/quote]

agree.  this isn't a normal market at all.  i don't really see any reason that prices will come down (at least not right now) but this certainly isn't the norm.  [/quote]

Part of it is due to demographics - there's currently 4 generations in the housing market right now actively buying homes: Boomers (who actually made up most of the successful buyers in the past 18 months!), GenX, Millennials, and now the older end of Gen Z.

Not sure we've ever had this level of demand for homes in US history. Tons of active buyers, but not a lot of homes to purchase.

[b]Baby boomers are dominating the housing market, new data shows[/b]
https://thehill.com/business/4307830-share-of-first-time-home-buyers-ticks-up-remains-near-record-lows/#:~:text=Baby%20boomers%20are%20dominating%20the%20housing%20market%2C%20new%20data%20shows,-by%20Julia%20Shapero&text=The%20share%20of%20first%2Dtime,Association%20of%20Realtors%20(NAR).[/quote]

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