Of course, consumers are concerned about how quickly home values are rising. Many people fear that the speed of appreciation could lead to a drop in prices later this year.
In fact, the Google report show that the search for "When will the real estate market break?" (English) increased 2.450% last month, reinforcing that there is concern and a lack of understanding by consumers of the reasons behind the increase in property prices and how robust that increase is...
In addition, Jim Dalrymple II from Inman News observes:
"One of the most notable things that came out of Inman's conversations with agents was that they all said they had talked to clients about whether or not the market is entering a bubble."
To alleviate some of these concerns, let's look at what various financial analysts are saying about the current residential real estate market. In the last thirty days, four of the major financial services giants have come to the same conclusion: the real estate market is strong and price appreciation will continue. Here are his statements on the subject:
"The strong demand for housing appears sustainable. Even before the pandemic, demographic headwinds and historically low mortgage rates drove demand to high levels. ... consumer surveys indicate that household purchase intentions are now the highest in 20 years. ... As a result, the model projects double-digit price gains this year and next. "
"Buyers - interest rates are still historically low, although they are rising. Housing prices have skyrocketed over the past six to nine months, but we don't expect them to fall any time soon and believe they are more likely to continue to rise. If you are thinking about buying a new home, conditions now may be better than 12 months from now. "
"Unlike 15 years ago, the euphoria in house prices today comes down to the simple logic of supply and demand. And we at Morgan Stanley conclude that this time around, the sector is on a solid and sustainable footing. . . . This robust demand and highly challenged supply, along with tight mortgage lending standards, may continue to bode well for home prices. Higher interest rates and post-pandemic movements may likely slow the pace of appreciation, but the upward trajectory remains on course. "
"There is reason to believe that this will be an exceptionally long and strong housing expansion. Demand is very strong because the largest demographic cohort in history is going through the family formation and peak home buying stages in their life cycle. Changes in coronavirus-related preferences have also dramatically increased the demand for home purchases. At the same time, supply is exceptionally tight, with homes available for sale at record lows. Double-digit price gains are rationing the supply.
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