Matt and Adam address the question, are we in a housing bubble?
While buyer demand is greatly reduced due to the rise of interest rates, Matt and Adam make the argument that at minimum, through spring of 2023, the real estate market will remain strong.
Matt and Adam briefly explain why housing inventory is likely to remain low, mortgage rates will likely drop, buyer demand will likely rise and the most probable outcome is a modest rate of home value appreciation.
Longer term, there are arguments for a hard US economic recession coming and life circumstances like job loss driving a tipping point in the housing market where inventory rises substantially. This will affect the supply and demand equation and buyer/seller strategies accordingly. Market Matters, with Matt and Adam, will address these deeper more market fundamental issues in the January episode.