This Isn’t a Bubble. It’s Simply Lack of Supply. [INFOGRAPHIC]
Posted by Jenny Maraccini on April 26, 2021
In a recent article, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market.
When addressing whether or not today’s high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this “is not a bubble. It is simply lack of supply.”
Today’s housing market is healthy, and rising prices are driven by real buyer demand. Let’s connect to talk about the best ways to navigate such an energetic market.
If you are looking to buy or sell a home in Chicago this year, IRPINO Chicago Real Estate is here to answer your questions, address your concerns and help walk you through the home buying or home selling process. Get in touch with us today to set up a virtual or in-person meeting.