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The Real Estate Crystal Ball – Where is the Market HeadedSegment 1The Real Estate Crystal Ball – Where is the Market HeadedHome Values Increased over 26.1% in just 1 year! The AVERAGE sale price went up $39,000 in just 2 months!House supply Crystal Balla.Inventory will remain lowb.Building of new homes slowed downc.Rate of appreciation could slow in 2022Today’s Rising Market:Driven by:Supply Crystal Ball – Builders cannot build fast enoughNew Housing units about 4561 in 2020Many quoting 10-12 months to buildLumber supply/construction costs higherHome sales up by 18.6%Sales in past year 16000 (most of these on new constructionDemand Crystal BallProperty taxes affordableHousing more affordable than many areasInterest Rate Crystal BallLow Interest Rates Conventional interest rates about 3.0%VA still in the low to mid 2.25 or 2.5%INCOME CRYSTAL BALLMedian Income $81,000Typical buyer can afford $525,000Add in equity from former home values increase substantiallyMore Equity than everSeeing More Offer with Large Down Payments than ever beforeYOU CAN REACH ME AT 719 301 3900 What are some of the strengths in this real estate market that will indicate a favorable future?Equity Crystal BallSome people think it’s time to sit on the real estate sidelines Make investment and have it go up 3-5% in just 1 month!Average increase in past two monthsHouseholds have EquityAccording to Census Bureau data38% of owner-occupied housing units are owned ‘free and clear’ 17.8 million residential properties in the United States were considered equity-rich1 out of 3 mortgages have owe less than half of its valueMost Experts Expect More of The Same for 1-2 yearsTruth: Buyers in a Hot market are NOT overpayingBuying Real Estate is HEDGE Against Inflation!Fixed Rate MortgagePayment StableVery minor increase in taxesOnly inflationary issue is interest rates Foreclosure and Rent Payment Moratorium – The Elephant in the RoomWhat’s differentCFPB offering another extension and Loan Mods Government programs to help landlords and tenant It’s TemporaryNot likely to have a huge impact on the market IF YOU ARE THINKING OF MAKING A MOVE 719 301 3900 OR VISIT www.BarbHasTheBuyers.comSelling By Owner Land Mines and How to Avoid Them