The housing market data we have shows us that houses are still affordable.
It is so challenging as a real estate agent, a buyer, or a seller to get a grasp of what’s going on in real estate sometimes. Today I want to talk about this crazy market and whether housing is becoming unaffordable. I’ll walk you through some statistics and also compare them to what we’ve seen in the past. That way, you can make the best decisions for yourself and your family. Whether you’re buying or you’re selling, it’s all about the numbers, so if we remove emotion from the process, you’re going to have a much easier time navigating this real estate market.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message, or use these timestamps to browse specific topics at your leisure:
1:01 — Are we in a bubble?
2:34 — Low inventory
3:21 — Days on market
4:25 — Summary of market factors
4:52 — Affordability over time
6:20 — Affordability is relative
7:06 — What does this mean for sellers?
7:49 — What does this mean for buyers?
8:44 — Wrapping up
If you’re thinking about buying or selling a property and you want to learn more about what opportunities are available to you, please feel free to contact me by phone or email. I look forward to hearing from you.