Mondays with Matthew 4/20

Today Matthew’s video discusses what’s been driving current home prices. He explains components of the economy which are putting upward pressure on housing prices, and highlights differences compared to the 2008 bubble. This is timely for the people who have been asking me if we are in another one.

I also recently read that tightened lending, due to the current economic crisis, is going to make it even harder for new construction financing. I expect we will see a big drop in new single-family homes this year. That, of course, will add to the demand for existing homes. Shoot me your questions!