Will Home Prices Crash? Housing Market Echoes from 1981 #shorts

Homes are unaffordable, so prices have to crash, right? 🤔💸 Have any questions or want to talk about your situation? Let's chat! Schedule a call: https://calendly.com/juleef/let-s-say-hi 📞Text or call 📞: 503-799-3711 Email: [email protected] Lending wherever you want to call “home” 🏠❤️ -- in all 50 states. 🔄 Echoes of the '80s in Today's Housing Market? Let's Explore 🏠🔍 Why aren't home prices dropping due to affordability challenges? 🤔💸 In a word: INVENTORY. 🏠📈 🔹 Building Gap: We need more homes than we’ve been building. Freddie Mac estimates we need around 3.3 million additional homes to balance the mar​​​​ket. 🔹 Rate Reluctance: Homeowners locked in at low rates are reluctant to sell. 🔹 Demographic Demand: When a sizable generation of Americans enters their 30s, the household formation and demand for housing surges. Millennials are creating demand today, just as Baby Boomers drove demand in the 80s. It's a matter of supply and demand. 🔄 Affordability hurdles are real. Fewer people can afford to buy, but there is still enough demand to absorb the limited number of homes for sale. That's why prices haven’t plummeted. 📊 What will happen when rates fall? My worry is demand will surge – competition and prices will heat up. 🔥 Could this winter be a sweet spot? Inventory fluctuates seasonally. This year inventory was 2.6 months in March, but up to 3.6 months in October. 🗓️📊 Not everybody can afford to buy today. If YOU can, explore buying this winter while inventory is up a little 🤏 and elevated rates keep demand at bay. 🧊❄️ DM me if you’d like to have a conversation about what’s possible. 📩🤝 #SupplyandDemand #HousingMarketTrends #MillennialHomebuyers Julee Felsman, SVP of Mortgage Lending NMLS 120831 Guaranteed Rate Inc NMLS 2611 Equal Housing Lender. www.nmlsconsumeraccess.org www.rate.com/licensing www.rate.com/privacy Branch address: 1300 SE Stark St Ste 111, Portland, OR 97214 State Licenses: AK - AK120831, AL - 73482, AR - 117882, AZ - 1002329, CA - CA-DBO120831, CO - 100514850, CT - LO-120831, DC - MLO120831, DE - MLO - 120831, FL - LO66603, GA - 67474, HI - HI-120831, IA - 34589, ID - MLO-2080120831, IL - 031.0056868, IN - 42483, KS - LO.0039957, KY - MC713848, LA - Licensed, MA - MLO120831, MD - 120831, ME - Licensed, MI - 120831, MN - MN-MLO-120831, MO - MO-120831, MS - 120831, MT - 120831, NC - I-187748, ND - NDMLO120831, NE - Licensed, NH - Licensed, NJ - Licensed, NM - Licensed, NV - 65660, NY - Licensed, OH - MLO-OH.120831, OK - MLO21956, OR - Licensed, PA - 74700, RI - Licensed, SC - MLO - 120831, SD - MLO.09183, TN - 203658, TX - Licensed, UT - 12003187, VA - MLO-41738VA, VT - VT120831, WA - MLO-120831, WI - 120831, WV - LO-120831, WY - 8673 Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate, Inc. does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate, Inc. Guaranteed Rate, Inc. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action. Content found in these videos is public information. However, all information including text, photographs, etc. is copyrighted and is protected by United States and international copyright laws. These videos may not be used, reproduced, or distributed for commercial purposes without prior written consent from Julee Felsman and Guaranteed Rate.