💥 What is a real estate bubble? 💥 

A real estate bubble occurs when there is a rapid and unjustified increase in housing prices. Often this is caused by speculating investors blowing some hot air 🌬️

Like an overfilled balloon 🎈, the bubble eventually pops, and then a swift drop 📉 in home values occurs. This leads to reduced equity or, in some cases, even negative equity 😱

Fortunately, economists don’t foresee that happening! 🔮

Prices are going up because there’s a very low supply (homes for sale) and high demand (lots of buyers). And those market dynamics aren’t expected to change any time soon.

🏁 Looking for guidance as you navigate this fast-moving market? Contact our team to learn more about current real estate trends and whether now is a good time to buy or sell.