Is Our Market Peaking?

Posted by Chip Bubela on Tuesday, December 14th, 2021 at 8:25am.

The supply and demand issue could see a decade-long market boom.

Is the real estate market nearing a peak? Previously, we made a video on how millennials are now entering the market. There's not enough supply to support the millennial demand. This week, Barons published an article saying that the housing boom could last for a decade. That's because this boom is driven by a lack of supply, not demand.

We’ve underbuilt homes for the past 10 years since the housing crisis. Homebuilders haven't built enough homes to support the millennial generation, and now they’re trying to catch up. They're predicting that this could take another 10 years.

If you think you’re too late to this market and don’t want to buy at the peak, understand that this is not the true peak. Since millennials are entering the market and lots of jobs are being created in Texas from Samsung’s huge investments, we expect to see a housing boom for some time. 

If you have any questions, don’t hesitate to reach out to us via phone or email. We look forward to hearing from you.

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