Experts weigh in on the housing market—what's next?

Serving Families across San Diego County since 2014 Record High Home Values: Is a Crash Looming? As mortgage rates and home prices climb, it's time to assess our market These market indicators have caused some worry. Do they foreshadow a crash? The short answer: No. Here's why: Inventory Levels: We have 3.5 months of inventory, while a balanced market requires 5-6 months. This indicates a continuing seller's market driven by low inventory. Selling Reluctance: Homeowners with low mortgage rates are hesitant to sell, and builders haven't ramped up to meet demand, making overbuilding unlikely. Millennial Demand: Millennials, the largest U.S. generation, are entering prime home-buying years, adding more buyers with limited options. Equity Cushion: Unlike 2008, most homeowners now have significant equity, providing a buffer if they face financial difficulties. In summary, while affordability is challenging, the market isn't heading for a bust. Read the full article here Read my Reviews Ready to make a move? Give me a call today! See all of my listings here The highest compliment I can receive is a referral to your family and friends. I look forward to working with you now or in the future. Thank you for your time today. 3825 32nd St San Diego, CA 92104 US