In today’s housing market there is a tremendous amount of pressure on homebuilders, homebuyers, and renters. And if you are starting to fill the financial sting in your wallet you are not alone. It is costing more to build, purchase, and rent homes in today’s housing market.
Make sure you do not get FOMO from this housing market! Be different and wait and see how the market plays out since 1. interest rates are going up, which has already cost a homebuyer at least $30,000 in purchasing power. 2. Housing supply is at an all-time low and homebuilders have slowed their building due to lumber pricing pressures. 3. Rents across the nation are increasing and with the housing shortage. Landlords are raising rents to annual state maximums or selling their investment properties outright.
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