House Prices Skyrocket To Record Highs!

In this episode, we dive into the latest data showing that home prices hit a record high in June, marking the most unaffordable housing market in history. With prices increasing 5.4% nationally compared to last year, many first-time and moderate-income buyers are being priced out of the market. We'll explore the factors driving this affordability crisis, including years of underbuilding, high mortgage rates, and the "golden handcuff" effect that’s limiting supply. Whether you’re a buyer, seller, or just interested in real estate trends, this episode provides crucial insights into the current housing market challenges.

#HousingCrisis
#RealEstateMarket
#HomeAffordability

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https://nypost.com/2024/08/27/business/home-prices-hit-record-high-in-june-amid-high-mortgage-rates/

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