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19
Jul
Real Estate

Are we in a housing bubble?

Robert J. Ott
July 19, 2021

HEY SAN ANTONIO !!!

Spoiler: We aren’t in a housing bubble.

This isn’t 2008. We aren’t repeating anything.

Here’s the truth.

A bubble happens when the market price of residential real estate sharply rises. And YES! That’s happening! A bubble happens when demand decreases and the supply continues to increase. Our city has grown at a rapid rate and we didn’t build for it!

Therefore, as more people (9.9% growth expected in 2021) continue to (move here and) purchase homes we simply do not and have not the supply. Which does not put us in a housing bubble — we simply have lack of supply. Homes will continue to rise in price due to high demand. Which is setting the “new normal” for home prices in San Antonio.

If you’d like to better understand this, need help finding and winning a home or just want to chat with us, please do! We’re always here to provide you value and education!

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