Yesterday (June 8, 2022) on The Ramsey Show, Dave Ramsey shared something that might surprise you. He said that right now is the best time to buy a home in the next 5 years AND right now is the best time to sell a home in the next 5 years.
Here are the key take aways about what Dave Ramsey shares in the episode:
- Right now is the best time to buy a home in the next 5 years.
- Right now is also the best time to sell a home in the next 5 years.
- Home prices are not going to go down. This is not a housing price bubble.
- We had a bubble on the rate of increase in prices which is different than a housing price bubble.
- The rate of increase bubble has popped. We are going to see normal growth (projected at 7% this year) instead of the 32% growth we saw nationwide in 2020 (which continued into 2021).
- There is still an extreme shortage of housing that new builds are still not satisfying