Why homeowners should sell sooner rather than later

With low interest rates out of the picture, Magruder said it is only a matter of time before prices start to fall, which is precisely why homeowners looking to sell should do so now.

“Here is the big but; do large amounts of money flow out of riskier investments on Wall Street and cryptocurrency to find a safe haven in real estate?” Magruder said. “That is a possibility as builders and investors build rental housing for a population which is dealing with a lack of housing.”

“Unlike some of the funny money investments on Wall Street, housing does provide one huge advantage as a tangible investment that delivers real value like a place to live and a nice tax advantage, plus there is a genuine need for more housing in America,” Magruder added.

Whatever the case, Magruder said it is almost certain that housing will cool in some markets, resulting in eased supply chain disruptions across the country. Prices will moderate.