RESource Atlanta HomeBuyers

Need To Sell Your Home Fast? We Buy Houses!

Is There a Housing Bubble That’s About to Burst?

A housing bubble occurs when prices are out of touch with economic reality, and when the bubble bursts, there’s nothing there. Some experts are concerned that the U.S. is headed for a housing bubble, one that could burst at any time.

Though the COVID-19 pandemic resulted in millions of Americans becoming out of work and facing the possibility of eviction and foreclosure, states across the U.S. are experiencing an incredible real estate boom as home prices continue to rise.

What’s driving this boom? A combination of historically low interest rates, droves of people leaving densely populated cities because of COVID-19, and distortions in the market, such as interest rates being held artificially low as dollars are being pumped into the economy.

But the main drive: supply and demand.

Supplies of existing homes have dwindled far below the six-month level considered normal. Realtors are receiving multiple offers. Builders are working hard to keep up with demand, and flipping is back.

Factors in a bubble
The coronavirus pandemic wreaked havoc on the U.S. economy in spring 2020, and so unemployment has now become a significant factor to look at regarding a potential housing bubble.

Though the unemployment rate in 2021 is falling steadily, approximately a third of the unemployed have been out of work for at least six months, and that ratio is on the upward trend. Long-term unemployment — a period of joblessness lasting more than six months — is a dangerous financial period for households.

Not only are these individuals more likely to have depleted personal savings and other financial resources after half a year without job income, being out of work for more than six months makes it harder to find a new job.

Call RESource Atlanta:
If you are ready to sell your home in Atlanta or Georgia, reach out to RESource Atlanta to talk about a fair, cash offer on your home: or 404-620-3110.

Related Posts

Is Now the Time to Sell Your Home or Rental Property?

Is Now the Time to Sell Your Home or Rental Property?

If you’ve been asking yourself whether you should sell your home this year, there’s tons of evidence that now may be an excellent time to sell. Buyers across the nation are hungry to get their hands on good houses, meaning that you can get a fantastic deal on your...

read more
4 Atlanta Neighborhoods that are Great to Buy Homes In

4 Atlanta Neighborhoods that are Great to Buy Homes In

If you’re interested in selling your current property in order to move to another neighborhood in Atlanta, you are in good company because tons of people are doing just that! Atlanta is full of thriving neighborhoods to eat, sleep, work, and play; here are four...

read more
7 Signs You’ve Outgrown Your Home

7 Signs You’ve Outgrown Your Home

There are many reasons why you may have outgrown your home -- anything from a rapidly expanding family, to a change of career/location, to unexpected life events. It’s common that the circumstances that were in place when you first bought your home have evolved, and...

read more

Trusted. Fair. Reliable.

Have some questions you want to ask us? Send us a message!

Send us an Email

Give us a call

(404) 620-3110


Atlanta, GA 30317


Pin It on Pinterest