Is the housing market going to crash in 2021? Are we in a bubble? My prediction? No! Because we're NOT in a bubble and the fundamentals are strong!
I did a bunch of research this week on this exact topic because I initially planned to make a video about how the market is over-inflated and we're probably going to crash because that's what everyone is doing on YouTube. However, I've found some interesting data that makes me think a little different. Here's what I found:
00:00 Introduction
01:16 Definition of housing bubble
03:16 Job lossess concentrated in lowe-wage industries
04:36 CA median price reaches an all time high
06:10 Prices weren't as inflated as they were in 2005-2007
06:47 International buyers down sharply
07:13 More of everything except permits and new construction
07:46 More sellers continue to move out of CA
08:10 Mortgage Forbearance
08:44 Foreclosures could become a problem
09:32 Many homeowners still have skin in the game
10:27 There's a speculation component
11:15 Conclusions
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Thanks for watching!
Hans Struzyna, OLY
Realtor Partner
The Gunderman Group
Keller Williams Luxury International
BRE # 02028425
hans@thegundermangroup.com
(510) 768-8228
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tags: 2021 market crash, real estate, real estate market, real estate bubble, housing market crash, housing bubble, housing crisis, foreclosures, East Bay, California, housing crash 2021, investing in real estate, market crash
2021 Market Crash? Why we ARE NOT in a bubble.
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