Housing affordability is a huge topic for debate. As interest rates start to rise and housing supply remains low, what can a first-time homebuyer do to secure their chance at homeownership? With prices still shooting upwards, it seems like every factor is working against those who could barely afford a home last year. Will this lead to a housing market crash, or are we in a new age of hyper-high home prices?
Dave Meyer (@thedatadeli), our VP of Data and Analytics, has spent hours and hours looking at housing market and home affordability data. And while he can’t predict the future, he can do his best to quantify the metrics that influence it. Dave recently took a look at the National Association of Realtors' Housing Affordability Index to see what exactly is causing this massive winter spike in sales, prices, and demand.
If you’re planning on buying your first home or your next investment property, stick around to hear Dave’s full analysis on all these metrics and figures. You may be surprised to hear his theories on an upcoming housing market crash or correction!
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Check out Last Week’s Episode on This Winter’s Hot Housing Market:
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The NAR’s Housing Affordability
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Housing Market Affordability Has Crossed a Concerning Threshold in the U.S.
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Buy or Rent? Top Counties Where It's More Affordable to Rent:
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@thedatadeli or Housing Affordability Crosses the Line
01:43 The 3 Factors of Housing Affordability
03:26 Median Earners are Out of Luck
05:10 Will Housing Prices Drop?
06:52 What Does This Mean for Investors?
Recommended Reading >> bit.ly/32kRpzw
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