Let's start with strong demographics. 33% of home buyers today and for the next decade are first time home buyers with nothing to sell, taking from an already stressed market with nothing to give in return. At the other end of the spectrum baby boomers are delaying their downsizing, moving into assisted living nursing homes, or in with family due to their heightened pandemic risk, holding onto those homes younger families need. For new builders NAHB noted lumber continues to spike up with futures up another 35% on top of the already high 170% rise we saw over the last 10 months.
----more----
There was enough inventory to break records in sales. I mean 62,985 homes in DMAR's 11 County area sold in 2020 for another record breaking year. And another 3,641 sold in February, up 13.43% month over month and 3.7% year over year. It's a days on market issue, not solely an inventory one. Homes are coming on and selling faster than you can sell chips at an edibles convention.
Agents - time to practice lightness, levity, and leadership.
Guides for You to Help Your Clients Design a Strategy to Maintain and Hold On
The Market Will RECOVER Quickly
Las Vegas is CLOSED, The Dow Drips and Drops, Rates Creep
Fed Drops to 0 - What Will Rates Do Now?
DMAR Market Trend 0320 - Housing Gain, Recession Fears
Taking the Trips You Want Without Hoarding Your Money and Living on Ramen.
Start your children small so they can have passive income to support themselves by 55.
The game of Monopoly in Real Life - what do you own, who pays you.
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast