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Is Sacramento in a Housing Bubble?
Manage episode 154993087 series 1142447
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There are many great Placer and Sacramento area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (916) 529-5342 for a FREE home buying or selling consultation to answer any of your real estate questions.
Hey everyone, thanks for joining us. A question I've been getting asked more and more lately is, "Are we in a housing bubble?" Let me first say that my answer is, unequivocally, NO!
My opinion is that we are at a stable appreciation level now, after seeing double-digit appreciation over the last few years. That stabilized, and now we are into single-digit appreciation in most areas across the nation. The market is pretty stable right now. We are not seeing people coming up and buying everything they can handle anymore.
The market is normal, where buyers are buying and sellers are selling. The investors who were snatching things up before are not around as much. Next year is an election year, and historically, interest rates do not go up during these years. Economically, we will see interest rates remain pretty stable over the next year or so.
We're seeing low supply in a lot of areas, but the builders aren't building fast enough to match the demand. With little supply and a high demand, there is no bubble on the horizon.
If you're looking to buy, now is a fantastic time. Rates are going to stay low for a while, but prices are increasing fast.
For sellers, there is a huge demand for inventory right now. You can sell for top dollar and with multiple offers. This is great for those who are thinking of upsizing or downsizing.
If you have any other questions for us, give us a call or send us an email. We would love to speak with you!
My opinion is that we are at a stable appreciation level now, after seeing double-digit appreciation over the last few years. That stabilized, and now we are into single-digit appreciation in most areas across the nation. The market is pretty stable right now. We are not seeing people coming up and buying everything they can handle anymore.
We're seeing low supply in a lot of areas, but the builders aren't building fast enough to match the demand. With little supply and a high demand, there is no bubble on the horizon.
If you're looking to buy, now is a fantastic time. Rates are going to stay low for a while, but prices are increasing fast.
For sellers, there is a huge demand for inventory right now. You can sell for top dollar and with multiple offers. This is great for those who are thinking of upsizing or downsizing.
If you have any other questions for us, give us a call or send us an email. We would love to speak with you!
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