The housing market continues to get more expensive and investors are driving up competition. In specific markets like Atlanta Georgia we are seeing 32% of homes being purchased by investors. The list goes on showing Phoenix Arizona at 31.7%, Charlotte North Carolina at 31.5%, Miami Florida at 28.1% and it continues.
If you are anywhere near or in these markets things may be making more sense to you. Redfin also shares a statistic that out of all these investors who are purchasing homes, 76% of their offers are ALL CASH. This makes a traditional loan offer look weak due to cash offers not needing appraisals, contingencies, inspections and so forth.
As competition continues to go up for housing demand, inflation runs loose, supply/inventory for houses stays low, this housing market continues to be a concern.
When will be the tipping point. Will a housing crash happen? Will the housing market crash? Will it just continue to go higher and higher? So many questions and concerns that many are wondering.
Tune into this video to get my insight and what I see going on in this crazy market we are in!
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DISCLAIMER: I am not a CPA, attorney, insurance, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. IF stocks or companies are mentioned, Karam MAY have an ownership interest in them
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DO NOT make buying or selling decisions based on Karam’s videos. If you need ANY professional advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. financial advisor or the appropriate professional for the subject you would like help with. Linked items may create a financial benefit for Karam Khalil. Any use of other media is by fair-use only.This is not an advertisement of property for sale and any mention of properties listed for sale or otherwise shall not be construed as anything other than an opinion for entertainment purposes only.
#Housing #Crisis #Redfin