This entry is a response to the question, "Is the housing/ real estate market as stable as is commonly believed, and if so, is it a false stability?" https://ecency.com/hive-150329/@llyran-noble/the-2008-financial-crisis-questions posed by @llyran-noble.
I believe the real estate market is not as stable as it appears. Due to the 2020 pandemic, the demand for a home is awfully high, while supply is severely low.
Home builders, real estate firms, and contractors have all been severely limited in their capabilities of selling homes to customers for over a year, and as we continue to approach the end of the pandemic, home builders find themselves unable to build more homes quick enough to keep up with customers' preferences for a home as soon as possible.
While our economy is slowly reclaiming its strength to match the pre-Covid era, the housing industry is not in a firm enough position to call itself stable this year. I believe the false sense of stability stems from how rapid homes are selling; the significantly slower building rate is at fault for its unstable stance. At this rate, increasing home building efficiency and employees is the primary solution towards solving the imbalance of the housing industry's supply and demand in our economy.
[Image Source] https://depositphotos.com/2368775/stock-photo-sold-real-estate-sign-in.html
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