In some places, we are going up to 2.1% or 3.7%. This doesn’t sound a lot but think about it, the average is 4% for a year. From April to May in 2021, just 30 days, we saw appreciation increase from 2.1% to 3.7%, depending on where you were in the country. If you compare that to the historical average where the housing prices increase at about 4% a year and that’s including all the ups and downs, then that means we are going through nuts of appreciation. I put that up on my Instagram and that blew up because nobody realized that. In this episode, we are talking to everybody that wants to know everything about the housing bubble. The question I hear most of the time from you because you have already passed this whole bubble stuff is, “How much over listing price should I offer?” That’s going to be my next episode. Some of you out there, you are asking me questions yourselves. Google searches for the question, “Is this a housing bubble?” It’s up 2,450%. According to the data, you are both wrong. If you are buying a home because you fear a big housing bubble, it’s either you are pretty smart or you are a little ignorant. Is This A Housing Bubble Ready To Burst? First Time Home Buyer’s Guide To Timing The 2021 Housing Market Are We In A Bubble? Listen in for a thought-provoking discussion on the market and the possibility of a bubble. We look at what causes a bubble and David also analyzes the factors that can influence the market. Are we in a housing bubble and is the bubble about to burst? While some are panicking, others are denying the collapse is coming, but where is the market really going? In this episode, David Sidoni takes a look at the data and tries to flesh out what is happening.
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