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Top 3 Reasons Why we are NOT in a Housing BubbleSegment 1This real estate market is very robust, many people fear that it will come crashing down like it did in 2008. Home Values Increased over 19.5% in just 1 year! (Rising)The AVERAGE sale price went up $39,000 in just 2 months!1. Houses supply is at record low levelsIn real estate, supply and demand are measured in “months’ supply of inventory,” which is based on the number of current homes for sale compared to the number of buyers in the market. The Colorado Springs Region has a 2 Week Supply of Homes – Sellers’ MarketBetween 2006 and 2008, the months’ supply of inventory increased from just over 5 months to 11 months. The months’ supply was over 7 months during that time, yet home values continued to rise.Remember, if supply is low and demand is high, prices naturally increase.The 2008 Bubble:Interest rates were NOT lowInventory was NOT lowFinancing was EASY – that’s what drove the bubbleBecause Financing so EASY to get – the Buying Frenzy took holdToday’s Rising Market:Driven by:Increased Demand– Millennials buyingLow Supply– Builders cannot build fast enoughLow Interest Rates– Payments lowerYOU CAN REACH ME AT 719 301 3900 Unlike the Housing Bubble – More Households have EquityAccording to Census Bureau data, Debt Free Guru – Dave Ramsey Does NOT Believe we are in a housing bubble:Buyers concerned about ‘over payingTruth: They are NOT over payingDefinition of Value per Appraisal School:What a buyer is Willing to Give a Willing Seller Where NEITHER Party is in DuressAnother Reason for Low SupplyLumber ShortageResult: Low Supply of HomesRisk of Not Owning Real Estate:“If you step out of the market, every day you wait to step back in the IF YOU ARE THINKING OF MAKING A MOVE719 301 3900 OR VISIT www.BarbHasTheBuyers.comHow to Buy a Home Up Against Competition