Updated almost 4 years ago on . Most recent reply
Tin Hats & Market Forecast
After seeing very little new home construction for about 10 years after the 2007-2008 crash and now seeing unprecedented amount of new home construction, how long do you think the housing bull market will continue? How long will it be until we:
(1) catch up to the current demand
(2) overbuild and threaten another bubble
Have we already caught up, overbuilt, have 1-3 years to go, or have longer than three years to go before we see another significant dip in prices?
Personally - I think we're getting close to having caught up to the demand because most first-time home buyers have either bought or unfortunately been priced out of the market. However, I don't think we've yet overbuilt because there are still a lot of hungry house buyers who need more affordable inventory on the market. What do you think?