Why YOU WILL REGRET NOT Buying a Home in 2021: Home Prices Rising

Todd and Oana talk about rising home prices and why many buyers will regret not buying a home in 2021. There have been a number of factors driving home prices higher including the record number of first-time home buyers and hedge funds buying homes. Additionally new home builders have started building subdivisions and keeping the homes as rentals and not selling those homes to new home buyers.

There is about a 4 Million shortage of homes in the US nationally and with rising materials and scarce labor there isn’t a big incentive for home builders to build affordable housing.

Our prediction is that home prices will continue to rise and that we will keep seeing houses increase in value. We don’t see signs of a bubble since the supply of homes is low and demand appears to be strong moving forward.

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