In this episode of Bill the Lender, I debunk 3 popular myths about the current housing supply shortage and why we aren't in a housing bubble like we have seen in the past.
The three myths I tackle are:
Why the current housing bubble/situation is not the same or similar to what we saw in 2008
Why there won't be a surplus of foreclosures to help with the current inventory shortages
Why we can't build our way out of the current housing supply issues.
If you are looking to get into the market, make a move, or just have general questions please reach out to me at https://billthelender.com/. You can also call/text me at 303-877-6323
Resource list:
https://www.cnbc.com/2021/12/02/covid-mortgage-bailouts-expire-thousands-could-lose-or-sell-homes.html https://www.forbes.com/sites/stephenmcbride1/2019/10/14/the-biggest-housing-boom-in-history-has-just-begun/?sh=19cf20be25b0 https://www.businessinsider.com/housing-shortage-real-estate-inventory-foreclosures-builders-millennials-goldman-sachs-2021-5 https://www.nar.realtor/newsroom/nar-report-shows-share-of-millennial-home-buyers-continues-to-rise https://www.npr.org/2021/09/04/1033585422/the-housing-shortage-is-significant-its-acute-for-small-entry-level-homes
https://www.nar.realtor/sites/default/files/documents/2021-home-buyers-and-sellers-generational-trends-03-16-2021.pdf