If you’re waiting for a market crash to snag a cheaper home, you might be waiting for a while. Housing experts predict the market will remain strong for a while for several reasons:⁣
1. Ample homebuyers. With most first-time buyers under 40 and the U.S. population nearing 170 million, there’s no shortage of buyers, which leads to the second reason experts predict a robust housing market well into the future.⁣
2. Low inventory. Too many buyers. Too few homes. It’s simple supply and demand — and experts say it will take at least several years to inject enough new supply to balance out the market.⁣
3. Healthier mortgages. Unlike the 2008 housing crash, tougher lending standards and modern mortgage regulations mean today’s homeowners are less likely to default than those who were approved in the pre-crisis lending period.⁣
Like to have a chat about your decision to wait out the market? I would love to! Reach out, and I’ll be in touch.