Tuesday, July 26, 2022 / by Trish Wheeler
The media is feeding all of us bs as to a housing bubble and its heading for a crash. This is not like 2007-2008. We are still low on inventory. Inventory is coming up slowly. It will take some time to get to a comfortable level. We are seeing prices slowly coming down as well, but I don't think we will see a major reduction.
Most existing homeowners are sitting pretty. They were able to cash in on the low rates and high home values to give them equity for high repair items. As inventory increases, we will see more homebuyers get back into the market once the sticker shock of prices has come to a head.