Let’s Talk About The Crazy Housing Shortage

It’s almost like every article or podcast about real estate is on repeat: it’s a seller’s market...multiple offers...bidding wars...etc, etc, etc. Home prices are up, demand is higher than ever before, and it feels like inventory couldn’t be lower these days (because it’s never been!). The housing situation wasn’t this competitive a year ago, so what in the world is going on? Today, we dive into what has caused the housing demand frenzy during pandemic-fueled financial uncertainty and how this housing boom is different than the one that led to the financial crisis of 2008. Plus, we throw in some tips about what buyers can do to be competitive during an inevitable bidding war. Now, let’s go write an offer!