June Market Update and Father’s Day Follow up (with video!)

We are in the thick of summer and the real estate market remains HOT! Check out our June National Thing of the Day Video (and Market Update) as we paid tribute to Father’s Day.   It seems like the question on everyones mind is “Are we in a bubble?”  Skip to the last minute or so for a quick Market Update or check out the Market Info graphic and stats at the end of this email.

Here is your full Market Update for June, 2021.  As always, let us know if you have any questions!

“So are we in a bubble? A bubble is typically driven by a surge in asset prices that is fueled by irrational behavior and disconnected from fundamentals. By that measure, what is happening in housing today is the opposite of a bubble and should help drive the economy. While the impact of the Great Recession and the collapse of the housing market is still a fresh memory, the damage to the economy was from the subprime mortgage fiasco. There is little evidence today that lending standards are anywhere near those of 2004 through 2007.”   
 – Elliott D. Pollack and Company, The Monday Morning Quarterback, June 7, 2021