July 12, 2021 / By Steven Thomas
Potential buyers are being fooled into thinking it’s not a good time to purchase and are delaying their plans, ignoring economic facts.
Housing’s Strength
The housing boom has everything to do with supply and demand, and those fundamental features are not going to change anytime soon.
Doctors, dentists, lawyers, investors, neighbors, family, friends, it seems everybody has an opinion on the direction of housing. Unbelievably only 19% of consumers believe that now is a good time to buy a new home. That means that 81% think it is not a good time to buy. There are TikTok videos proclaiming the inevitable crash in housing. No longer than 3-minutes in length, the clips offer Chicken Little titles with no economic backing whatsoever. From YouTube to Facebook, social media has a big opinion when it comes to Real Estate. All of the noise, the “Gossip Factory,” feeds on everybody’s collective fears and prevents far too many consumers from making the sounds decision to participate in this crazy housing market.
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