The real-estate market is booming in the US, but the boom has been fueled by an unusually large number of buyers.
The market has exploded in the last few years, driven by a massive surge in home prices in the wake of the Great Recession.
The market is so huge that home sales and sales of homes, which include condos and townhomes, are surging in a single year, according to research firm Zillow.
The trend, which has been accelerating since the summer of 2018, has created an unprecedented demand for inventory that has fueled a glut of available inventory.
In September, Zillows projected a record 5.3 million homes would be sold in the next three months.
This would be a record-high, but it still doesn’t fully capture the growth in demand for homes.
“The growth is still not quite as large as it should be,” said Michael Zagaris, chief economist at Zillower.
“It’s still much smaller than we expected.”
As of December 6, home sales were up 13.3% from the same point in 2017, the National Association of Realtors said.
The number of sales rose to 6,821,000 from 5,946,000.
In addition, the number of homes sold by brokers and mortgage lenders jumped by 4.3%.
Zillow estimates the market is currently worth about $8.9 trillion, which includes the value of homes and the value held by owners.
That’s a huge amount of money for the housing market, but not all of it is coming from the stock market.
Zak Zagiris, chief executive officer of Zillowitz, said it’s unclear how much of the $8 trillion is coming out of the stock markets, which are down over 40% from their peak in 2008.
For a market that is still in a bubble, Zagis said the real estate bubble is still going strong.
The current market is a good example of why stocks are so valuable, he said.
If the stock bubble pops and the economy goes through another correction, the value will go down as well.
He said he expects prices to fall again by 2019, though he expects a bounce back after the next correction.
It’s also important to note that the housing bubble is not the only one fueling the market.
Zillovisions projections of housing prices also suggest that house prices are set to rise again by 2020.
At the same time, Zellers said it isn’t yet clear that buyers are going to be willing to pay such a high price for a home.
According to Zillowsky, there are still many factors that contribute to home prices rising.
One of those factors is the economy.
In the past, the housing boom has seen an increase in home sales, which can help drive up home values.
However, Zivis said that trend has slowed recently.
There is also some uncertainty over the future of the housing economy, Zilow said.
“The current stock market has created a lot of demand, but there is a lot that is left to be done,” Zellovsky said.