A Buyer’s Summer Is “On” as Asking Prices See Steepest Decline Since 2017
About this episode
The episode discusses the current state of the real estate market, highlighting the decline in asking prices and varying local market responses.
Most investors understand that real estate is local. While the national headlines usually tell one story, regional and local data often tell a very different one. This week’s headlines only reinforce this idea. On a national level, asking prices are declining at the fastest pace in nearly a decade, inviting many buyers to participate in the summer housing market despite ongoing affordability challenges. But at the local level, buyers and sellers are responding in very different ways depending on the market. Some real estate markets remain at a standstill, with muted demand and very little activity, while others are poised to benefit from new job growth and other economic tailwinds. Finally, we’ll take a closer look at one of the best-performing but still overlooked asset classes. Demand is ramping up, and yet there is a massive supply shortage for this type of residential real estate. Could we be on the verge of the next self-storage-like boom, and if so, are real estate investors even ready to fill the gap? In This Episode We Cover Why housing market activity is starting to tick up this summer The “cash crunch” affecting home affordability and rent growth…
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