Are we in a real estate bubble? Will there be a crash? What will happen with prices?
These are common questions we hear from our friends, family, and clients. We get it. Between headlines, what we see in the market, and what we experience when writing offers for buyers and receiving offers for home sellers, one could expect that the “madness” of the market would equate to hyper inflation of pricing and a necessary crash. But, it doesn’t appear that will be the case for the foreseeable future surprisingly.
We recently looked at how prices, interest rates, and income have played together over recent decades and what that might mean for affordability and a possible crash in the next few years. Take a look at this quick pdf that walks through some of these variables.
On pages 6-7, you’ll find future projections expectations and how that may affect affordability and the ability for prices to climb or decline.
(By the way, make sure you go back and watch our Denver economics talk we hosted a few months ago – check it out here.)
If you want to stay in the loop with real estate market activity for specific areas around the Denver area, please check out our Market Reports page! As always, reach out with questions. Always ready to serve you!