Housing Market Reaching ALL TIME LOW Affordability

Only 6 months ago, a homebuyer with a monthly budget of $2,500/mo could have bought a house that cost $517,000. Fast forward to today mid June 2022 and that same home buyer can only afford a house that costs $399,000. Home buyers have lost $120,000 in purchasing power in the span of 6 months. That is a massive difference in affordability and its all due to the rising mortgage interest rates.

Need a Realtor? https://homeandmoney.com/michael/
======
Like My Sunglasses? Get a Pair https://ebay.us/PhTVOG
======
I offer 1 on 1 calls, book one if you'd like!
https://michaelbordenaro.com/book-service/
======
My Filming and Editing Equipment
https://michaelbordenaro.com/my-youtube-gear/
======
Sign Up for My Email list and Get Weekly Video Updates in Your Inbox!
https://bit.ly/MBreminders
======
Need a Realtor?
https://bit.ly/floridamove

Articles mentioned in the video

https://www.businessinsider.com/costco-gas-prices-experience-review-photos-2022-6?nr_email_referer=1&utm_source=Sailthru&utm_medium=email&utm_content=Business_Insider_select&pt=385758&ct=Sailthru_BI_Newsletters&mt=8&utm_campaign=Business%20Insider%20-%20Algorithm%20Test%202022-06-21&utm_term=INSIDER%20SELECT%20-%20ENGAGED%2C%20ACTIVE%2C%20PASSIVE%2C%20DISENGAGED%2C%20NEW#though-i-also-buy-groceries-i-think-the-60-membership-would-easily-be-worth-it-just-for-the-gas-savings-alone-20

https://commercialobserver.com/2022/06/champlain-towers-south-surfside-condo-collapse/?utm_campaign=SFL_Daily&utm_source=SailThru&utm_medium=email&utm_term=CO%20SFL%20Daily

https://www.marketwatch.com/story/housing-market-cools-as-an-estimated-25-of-home-listings-cut-their-asking-prices-were-shifting-from-a-real-buying-frenzy-to-much-more-normal-conditions-11655230463

https://apple.news/AdVcPEmKEQ46wQIKEXoG8JQ

https://apple.news/AV8fvxJxaQh6r8X6SY6wHaw

https://apple.news/AnqO7N_YwQBaCfI3xDYo53Q

https://apple.news/ADKfxexabQRiIY-Y9QvVQFQ

FTC Legal Disclaimer - Some links found in the description box of my videos may be affiliate links, meaning I will make commission on sales you make through my link. This is at no extra cost to you to use my links/codes, it's just one more way to support me and my channel! :)