Are We in a Bubble?
from EvoReal Talks Hosted by Jessica Side
Is there a housing bubble? How does our current market compare to the great recession? Be suspicious of those who say we are in a housing bubble or those who firmly say that we are not! “What goes up must come down”, this saying is not necessarily true. Housing stability factors: Millennials reach their peak buying potential and are exceeding the baby boomer generation in population, the federal government took on over 1 trillion in mortgage bonds allowing banks to loan more money, interest rates remain extremely low, stricter lending rules are in place to avoid another housing crash, people are saving more money than ever, equity gains outpace any kind of drop in the market. Why we might not be in a bubble: Demand for housing is extremely high, building costs and zoning laws have restricted new construction infill, remote workers have further exacerbated demand as they move from more expensive markets, supply chain issues increase costs to build. We feature some of our most recent land listings one of them just outside of the Lake Spokane Campground and 20 acres up north in Fruitland, WA. Check out our featured land listings by visiting our Facebook page- https://www.facebook.com/evorealspokane Follow us on the socials by searching the tag @EvoReal or visit us online at www.EvoReal.com
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