Home prices pre great recession were going up because of specula fuelled by easy credit. Now we have a shortage, and it absolutely makes sense that when a desired product is in short supply, the price of that product will go up. We're ging to talk about the wall street firms that are turning into landlords, which is bet dubbs. One of the reasons why i'm so passionate about getting more mom and pop investors, people like you, into being real estate investors. For a limited time now, you can get 20 dollars off your first purchase at rothes dot com slash paula.com.
#343: The real estate market in 2021 has been bonkers.
That’s the technical term.
From 2012 to 2020, home prices nationwide rose at an annualized average of 5.8 percent per year.
From April 2020 to April 2021, home prices climbed 17.2 percent.
This sudden surge in prices has many homeowners and would-be investors fearful of a crash. The memories of the stark price run-up prior to The Great Recession are all too salient.
What goes up must come down, right?
Not exactly. In this episode, we walk through market fundamentals — discussing housing supply, lumber prices, and the distinction between cheap credit vs easy credit — to illustrate how today’s market is unlike anything we’ve ever seen.
More importantly, we offer tips for everyone —whether you’re a renter looking to get into your starter home, an empty-nester looking to downsize, an owner-occupant who wants to lock in your gains, or a curious aspiring investor who wonders if it’s too late.
Enjoy!
For more information, visit the show notes at https://affordanything.com/episode343
Learn more about your ad choices. Visit podcastchoices.com/adchoices