Is there a housing bubble pop coming in 2024?

Today in Mortgages

Welcome back dream makers, today we are asking the question: Are we in a housing bubble? We've talked about inventory a lot on this show, because it is low and that is a critical piece of housing. Today's article from New York Post Today declares "Massive housing bubble about to burst in this US region, warns a real estate expert -- see where." This region includes south Texas and Florida. This article drums up fear that builders have built too much, but that just isn't the case. If interest rates come down, competition is going to get tighter. We need a normal amount of inventory -- about 6 months supply on the market to keep a good check on prices. Bottom line, there just isn't enough properties available for homebuyers.
Listen in as we discuss this and more on Today in Mortgages!
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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297.

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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.
The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.