Today Jason discusses various aspects of the housing market and affordability. He highlights the increase in housing prices and the challenges it poses for prospective buyers due to low inventory and affordability. He emphasizes the need for compromise when it comes to finding a suitable home or rental property. He also mentions the resilience of the real estate market and its ability to withstand challenges, such as rising interest rates. He predicts continued growth and demand in the market, driven by factors like millennial homebuyers and increased household formation. The episode concludes with the reminder that investors should adjust their strategies to succeed in any market conditions.

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#HousingMarket #Affordability #RentalMarket #InterestRates #HomePrices #InventoryLevels #Millennials #Compromise #RuleOfThumb #CreatingWealth

 

 

Key Takeaways:

1:29 Get your tickets to the CREATING WEALTH Virtual Event today!

2:31 Article: Housing prices increase as inventory and affordability continue to challenge prospective buyers

5:11 Shout out to our Investment Counselors and highlights from the Black Knight article

10:41 Housing Affordability remains dangerously close to its 37 year low

13:05 Median priced home- It takes 35.7% of median household income to make the principal and interest payment

16:53 The rule of thumb

19:10 Compromise, compromise, compromise

20:17 Chart: Home prices grew 3% YOY in the second quarter

20:40 More to come this weekend at the Creating Wealth Virtual Event

21:10 How to Profit from Millions of Americans Moving to the Suburbs

 

 

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