Real Estate Market Update – July 2022 – Central MN #5

Real Estate Market Update - July 2022 - Central MN #5

Real Estate Market Update – July 2022 – Central MN #5

In the first half of this year, I have already seen a huge shift in the market after the last few years that we’ve had. So what does that mean for you and your home or your buying a home? Experts across the board do not believe that we are in a bubble, and I have a lot of experts to bring to you today.

I am Paula Quinn with RE/MAX Central, and let’s dive right in. First, states, “experts don’t believe the market is in a housing bubble or that it crashes in the cards, like during the Great Recession. The nation is still suffering from a housing shortage that has reached crisis proportions at a time when many millennials are reaching the age where they start to consider home ownership. And that’s likely to keep prices high”.

Now with millennials being the second largest generation we currently have, the increase in buyer demand that’s been driving the price increase is not a short term problem. And inflation and the possibility of a looming recession also appear to be not short-term problems. But don’t let that scare you either. You can see here that recession does not equal a housing crisis or a crash. Actually, more often than not, the housing market actually improved during a recession. So I truly believe that these fears are no reason to stay out of the market, buyers or sellers. That’s what the future of the market looks like according to experts.

I’m Paula Quinn here to help you with your home buying and selling needs. And remember, I want you to love where you live.

Real Estate Market Update – July 2022 – Central MN #5

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