Can the economy absorb the current pace of home sales?

Posted by Andreas Holder on Monday, May 1st, 2017 at 6:14pm.

Some experts are wondering wether the number of homes currently being sold can continue at the same rate. The concern is that with a record number of people buying houses, we are heading towards another bubble and ultimately a crash. 

Let's take a closer look at the numbers: 

When you look at the last four years of home sales and compare them with the three years preceding the last bubble, there may be reason for concern. However, if you look further back in history, it is evident that the pace of sales is quite natural and healthy, as shown in the graph below: 

Bottom Line:

The current pace of home sales is normal and appears to be maintainable in the future. 

Andreas Holder, Chicago Real Estate AgentAre you thinking about buying a home this year in Chicago? Andreas Holder can help! Let him be your guide to the downtown Chicago real estate market and help you find a home that not only matches your needs, but your lifestyle too.
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