NORTH OAKS HOMES AN ARGUMENT WHY... THE REAL ESTATE MARKET WON'T CRASH A Word From Marc: Folks ask me almost daily about the incredible Sellers' market that we are experiencing in North Oaks and around the country, the second question l'm asked is usually when do I think the market will crash? Most of us remember all too well the most recent real estate crash of the early 2000's, which leads people to fear that when values go up and up, sooner or later, they will come crashing down. Many economists today are saying that this time, a massive crash won't be the case, at least not like it was in 2008. When the market crashed last time, it was largely due to endemic questionable financing. This time there is no world financial market that's about the crash. The raising prices are escalating now due to economics 101 -- supply and demand. The housing supply is terribly low and has been for quite some time. Post pandemic we have built up demand from buyers who realize they can work from almost anywhere and are looking for very specific needs in a home including multiple offices. Sooner or later the number of buyers is going to level off and at the same time more homes will become available equalizing the supply. This leveling off won't happen overnight, so in the meantime, find yourself a competent agent and let's get to work. SINGLE FAMILY FEATUERD LISTING BY MARC OWENS-KURTZ 4 LAWTON LANE S BED | 5 BATH | 3 CAR GARAGE $1,180,000 | MLS #5719093 Welcome home to this marvelously maintained home at the end of a cul-de- sac. for privacy and peacefulness. Open floor plan. Home has beautiful built ins, 3 season screened porch and wonderful natural light. Includes Deeded Access to beautiful Pleasant Lake. MARC OWENS - KURTZ Lakes Sotheby's 612-751-6472 | MARCOLAKESMN.COM INTERNATIONAL REALTY PROBABLY THE BEST REAL ESTATE AGENT EVER! NORTH OAKS HOMES AN ARGUMENT WHY... THE REAL ESTATE MARKET WON'T CRASH A Word From Marc: Folks ask me almost daily about the incredible Sellers' market that we are experiencing in North Oaks and around the country, the second question l'm asked is usually when do I think the market will crash? Most of us remember all too well the most recent real estate crash of the early 2000's, which leads people to fear that when values go up and up, sooner or later, they will come crashing down. Many economists today are saying that this time, a massive crash won't be the case, at least not like it was in 2008. When the market crashed last time, it was largely due to endemic questionable financing. This time there is no world financial market that's about the crash. The raising prices are escalating now due to economics 101 -- supply and demand. The housing supply is terribly low and has been for quite some time. Post pandemic we have built up demand from buyers who realize they can work from almost anywhere and are looking for very specific needs in a home including multiple offices. Sooner or later the number of buyers is going to level off and at the same time more homes will become available equalizing the supply. This leveling off won't happen overnight, so in the meantime, find yourself a competent agent and let's get to work. SINGLE FAMILY FEATUERD LISTING BY MARC OWENS-KURTZ 4 LAWTON LANE S BED | 5 BATH | 3 CAR GARAGE $1,180,000 | MLS #5719093 Welcome home to this marvelously maintained home at the end of a cul-de- sac. for privacy and peacefulness. Open floor plan. Home has beautiful built ins, 3 season screened porch and wonderful natural light. Includes Deeded Access to beautiful Pleasant Lake. MARC OWENS - KURTZ Lakes Sotheby's 612-751-6472 | MARCOLAKESMN.COM INTERNATIONAL REALTY PROBABLY THE BEST REAL ESTATE AGENT EVER!