Either buyer demand has to CRATER or supply has to SOAR! I believe the chances of buyer demand cratering or dropping off a cliff at less than a snowball’s chance in hell. Why? Tens of millions of people have been COVID vaccinated, fewer hospitalizations and deaths, businesses re-opening to the public and our national leaders throwing trillions of Dollars at our economy, plus a Federal Reserve with no concern for inflation. And if Congress passes President Biden’s $15k FTHB Tax Credit, demand will soar to even higher levels. So, our only hope is more homeowners list their homes for sale. Will the vaccines and fewer hospitalizations cause more homeowners to list their homes for sale? I sure hope so. If Senate Bill 21-173 passes we may see a surplus of new listings from investors like me. Thus, I think there is a better chance of supply increasing than demand decreasing.
