Here’s my full conversation with The Cromford Report’s Tina Tamboer.
Our market has been crazy, so I wanted to provide a good overview of the current market with one of the top real estate experts in our market. Tina Tamboer of The Cromford Report sat down with me recently to provide the latest numbers, give insight into the latest analysis, and offer the latest predictions for our market’s future.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message, or use these timestamps to browse specific topics at your leisure:
1:15- When will the bubble burst?
4:20- Shadow inventory and homes in forbearance
8:15- How did the housing inventory start disappearing in August 2020?
11:45- How much did home and rental prices increase in the last year?
14:45- Stats on luxury sales
16:20- Will prices keep going up?
17:50- Home affordability
18:45- Is the market shifting at the moment?
19:30- Could anything happen right now to cause a rapid market decline?
20:40- What should we look for in the market statistics?
21:05- How long did it take into the 2005 recession for prices to decrease?
23:00- Long-term homeownership advice
25:00- Wrapping things up
If you have questions about anything we discussed today, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.