Hey, I'm Mark Buckner with the Mark Buckner Group at Compass. I am coming in a little hot today. I will tell you, people have been asking me all types of questions.

One is they always asking me is, ‘how's the market?’.

I love talking about the market, but lately the big question is, are we in a housing bubble?

Are we in a housing bubble? I feel like we are.
When's it gonna pop?
Is the market going to crash?
Should I still buy?
Maybe I shouldn't have bought a home right now.
I have so much buyer's remorse.

If you have a few minutes, I'll share my opinion based off some market data.

First off, the market is not crashing. We're not in a housing bubble.

Actually, what we are seeing is values that continue to rise, and we're still seeing multiple offers.

The federal government has been racing interest rates in 2022, as you likely know. And the reason is to try to slow down this demand and the rising prices in the real estate market. The great thing is, it's actually worked.

We're seeing a slight decrease in demand and a slight increase in inventory. That's why I think, or one of the reasons I think pricing and values are going to continue to rise, but at a healthier pace.

Also, if we take a look at the history of recessions, in the last six since 1980, there's only two, when the real estate market has been negatively impacted.

In 1991 values dropped 1.9%. Not much, not a big deal. The second time was 2008, and of course the real estate market triggered that recession, right?

So right now the recession is not being triggered by the real estate market. So why not buy now when demand is slightly on the decline and inventory is slightly on the incline? You're gonna get a better deal.

If what’s stopping you is high interest rates, there are other options. Everyone thinks you have to do a 30-year fix. Don't do a 30-year fixed! Consider a 5-year or a 10-year Adjustable-Rate Mortgage. You're gonna likely save, and that’s the whole point.

So partner with a broker like me and a good lender. I think you're gonna do better financially if you buy in now than waiting three or four years for lower interest rates, because that may not happen for some time.

So if you have more questions about this, want to get it down into the numbers and the nitty-gritty, give me a call, shoot me an email, or dm me. I’d love to chat with you.