In a recent article, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of todays housing market.
When addressing whether or not todays high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this is not a bubble. It is simply lack of supply.
Todays housing market is healthy, and rising prices are driven by real buyer demand. Lets connect to talk about the best ways to navigate such an energetic market.