February Real Estate Update-Are we in another housing bubble?

Where's the market? Are we in another housing bubble?

These two questions are front and center these days. Below you can see that local prices are still strong, with low inventories continuing to be the story. As far as the question of whether we are in a housing bubble, experts are trying to wrap their heads around a very different market this time around. USA Today had an interesting article tackling the question of whether we are in another housing bubble. The last housing bubble was accentuated and fueled by shady lender loans, this market is quite different. One of the main concerns is that housing affordability is dwindling for many, however with low interest rates forecasted into 2022 and the lack of inventory, many see this type of market continuing for some time. Many agree that the moratorium in foreclosures and evictions is also distorting the market. Their prognosis-"If homeowners can't sell or refinance, there could be a spike in foreclosures and the supply of homes on the market would increase sharply, pushing down prices." We'll be closely monitoring the local market and keep you posted of any shifts.

The Best Work-From-Home Cities 2021 

According to PC Mag if you are looking to leave your cramped, expensive living space to work from home permanently, they've done some research and these are the US and Canadian cities that provide the best balance of affordability, livability, and connectivity.

Stay healthy and safe, 
Ana Connell 818.795.8474