Market analyst and wealth advisor Ben Carlson does a great job summarizing all relevant housing stats right now into the conclusion noted below.
This piece is a must-read for anyone following housing, but as a home buying consumer, don’t forget: macro stats help us assess overall market health, opportunity, and risk. But buying a home is all about your own budget, time horizon, and hyper-local (like city, neighborhood, and street level) market dynamics. Set your property investment strategy with analysis you do with real estate and lending pros, not with headlines.
This doesn’t look like a bubble to me. It looks like a housing shortage, a demographic wave and a pandemic-induced buying frenzy but not speculative excess.