San Antonio Board of Realtors Hosts the 2017 Housing Forecast for Realtors
Our San Antonio Board of Realtors, SABOR, hosted our 2017 Housing Forecast this past week. A few take aways I will be sharing soon, but one of the points that struck me was a comment by the main speaker, a leading economist, about Millenials buying homes now. He stated that our shortage, not only in San Antonio, but nationwide, has created a low inventory. What happens when you have a short supply in a high demand area? Prices go up of course. This will be happening not only this year but also continue in the next three years. His advise was to buy a home now or prices will be so high that you will not be able to afford in the future what you can buy now.
Further Research Confirms Forecast
I did some further research and this article brings to the forefront the same issue, especially with Millenials. Are you ready to buy a home this year and start your rise to becoming wealthier? Read on and let me know what you think.