Colorado Association of REALTORS | No Bubbles to Burst When Considering Renting vs. Buying
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No Bubbles to Burst When Considering Renting vs. Buying

May 12 2022

No Bubbles to Burst When Considering Renting vs. Buying

Some potential homebuyers are considering waiting to purchase a home or continue to rent in case of a housing bubble burst. Homes that were going for 20% over list price in February are now selling for 5-8% percent more, according to CAR’s April Market Trends Report. “One thing that has to be in place in order for a bubble to burst is you have to have way too much inventory for your demand, so you have tons of houses on the markets and not enough people want to buy,” said CAR Spokesperson Kelly Moye. “That is the rule of thumb when it comes to a bubble — we are literally opposite of that.”

https://kdvr.com/news/local/buying-vs-renting-in-colorado/

https://www.coloradorealtors.com/2022/05/12/no-bubbles-to-burst-when-considering-renting-vs-buying/

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