Monday Market Update: 3 Relevant Reads From Realtor.com®
Find the season’s hottest topics paired with recent reads here.
You’ve got questions… and Realtor.com® has answers! As the 2022 real estate market continues to showcase high demand and low supply, there are 3 questions that many consumers have – and 3 articles that may help you answer them.
WHERE ARE THE MOST AFFORDABLE PLACES TO LIVE?
There are more affordable markets than Silicon Valley of course… and Realtor.com has listed them. They have also noted that these locations “have economies historically tied to manufacturing and agriculture” and “have mostly experienced decades of population decline, resulting in more homes for sale.” Hannah Jones, economic research analyst for Realtor.com, also declares that ““These metros have also largely been spared rising housing costs from an influx of remote workers who have typically sought out mountain and beach destinations.” Most who made the cut are in the Midwest or east coast… see the full list here.
WHY IS SEASONALITY GONE?
If you have been waiting for a ‘slow’ season of real estate to arrive, you have probably been waiting awhile. In this recent article, Realtor.com explains that “The biggest obstacle to a return to seasonal patterns is a nationwide housing shortage due to the buying frenzy that took place in the wake of pandemic lockdowns, as well as home construction failing to keep pace with demand from new buyers.” The bottom line is that the right time to buy has little to do with the time of year, and more to do with your own needs and strategy.
IS IT REALLY TIME TO CONSIDER A REAL ESTATE INVESTMENT?
There have been several recent articles that talk about investors ‘being back.’ There are two key reasons why: low rates and high demand. Low rates maximize buying power, while low inventory means that renters are as hopeful and in need of a place to live as buyers. Throw in global uncertainty and stock market volatility and suddenly a tangible investment makes a lot of sense & cents (always consult a financial advisor and tax professional and be sure you truly know your markets of course!). If you want to learn more about why the attraction of cash flow and appreciation is such a hot topic this spring… read more here.
If you have more real estate questions – we have (or will find!) you answers! Please do not hesitate to reach out.
All my best,
Bobbi Decker
DRE#00607999
Broker Associate
650.346.5352 cell
650.577.3127 efax
www.bobbidecker.com
NAR Instructor….“Designations Create Distinctions”
CIPS, SRS, ABR, CRS, SRES, GRI, CLHMS, REI, AHWD, RSPS, MSLG
Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/
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