5 Reasons Why There Is No Housing Bubble

4 million people turning 33 every year as I showed you last week. 33 is the average age when someone buys their first home.
· Incredibly low mortgage rates is spurring demand.
· Buyers winning their Bidding Wars are putting large amounts of money down, often have great credit and high incomes. Thus, they face very little risk of foreclosure.
· Mortgage credit and underwriting is very strict and tight when compared to the early 2000’s. And our housing market strongly enforces this with Bidding Wars.
· Home prices are very sticky as homes are a necessity and are primarily seen as a place to live and not an investment. Next, selling a home is not easy unlike stocks, bonds, or other investments which you can sell in seconds on-line. Thus, the idea of buying a home when prices dip is Fool’s Gold.