Still Rising Home Prices Scaring Would be Buyers...aka: News That's Not News
Well as new fears about new covid variants dominate the airwaves and social media outlets, it seems that the fear factor for housing is following along. Prices have not shown any sign of letting up, and sentiment among would be buyers is starting to reflect the same message. A good example of this lies here; " Fannie Mae's Home Purchase Sentiment Index (HPSI) found that 66% of respondents said that due to high housing prices, it's a bad time to buy a home, up from 64% last month. Only 28% said it was good time to buy a home, down from 32% in June."
At the same time, fewer folks have said it's a good time to sell (75%), down from last month (77%) which could mean that peoples perceptions are that prices still have upward momentum. Scary! As long as interest rates stay as low as they are, this remains hard to dispute and only time will tell, but the "work from home" trend continues to grow and with it the search for more suitable housing in which to live and work. We conceived of PropertyGuerilla.com long before covid changed the real estate landscape, and depending on which side of the transaction you're on will determine if you think better or worse.
But now, using a website that focuses on Buying and Renting needs and allowing literally anyone to respond makes more sense than ever. Take a look at our site and use it to create your own market and find your own inventory. The time is now to take your real estate matters in your OWN hands. E-mail us at firstname.lastname@example.org or call at 833-647-HOME to learn how!
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