Rising Home Prices are Actually Slowing Sales
It seems that the chickens may have come home to roost when it pertains to real estate and the continued price escalation of housing. As the pandemic took hold and despite some ghastly predictions as to the fate of housing, the real estate market reacted swiftly and has showed no signs of letting up. Credit where credit is due, the forbearance programs that were offered and then solidified and simplified by the secondary mortgage market, specifically Fannie Mae (FNMA) and Freddie Mac (FMCC) for a large portion of affected mortgages kept a potential wave of pre-foreclosures and foreclosures from occurring. Coupled with dizzyingly low interest rates and a demand increase unlike many we've seen created the lowest inventory since they began recording, which lead to both home prices soaring (in addition to rents skyrocketing as well).
Prices have gotten such that their continued increase, while great news for sellers, has created a slowdown in buying due to the combined lack of inventory and the rising prices. Fast forward 14 months, and now we add to that mix inflationary supply shortages, outages, and exorbitant price increases for supplies overall thereby causing new housing starts to fall as well because we can't "build ourselves out" of the inventory crisis either. Here at PropertyGuerilla.com we see the above challenges as a chance to try a new way to shop for real estate as well as potentially sell or rent your property. The formula is really quite simple, and designed to benefit our users: As things stand now... Low Inventory + High Prices + Traditional Search Methods = Limited Opportunities for Buyers and Renters.
Our goal when we created our site was not to "change real estate" but simply to change the way you search for and communicate about real estate. So our formula looks similar, but with a few minor adjustments aimed at opening the doors to all, something like this: Low Inventory + High Prices + New Search Methods = New and Previously Unavailable Opportunities for Buyers, Renters, and Sellers. Check us out at PropertyGuerilla.com and e-mail direct for more info at email@example.com or call us at 1-833-647-HOME (4663) to learn more. The more you know.
#JoinTheEvolution #PropertyGuerilla #Houwzer #Realtor #Broker #BuyingRealEstate #SellingRealEstate #DepartmentofJustice #NAR #NationalAssociationofRealtors #MLS #MultipleListingService