REDFIN CEO Predicts Extreme Housing Affordability Crisis

Feb 2020. One month before a historic worldwide pandemic, the median price of a single-family home in the United States was $287,000. This growth in price followed a relatively steady trend line going back to 2014. What happened next, can be clearly visualized on this graph as home pricing exploded upwards at an apace not seen for decades. In less than 16 months prices went from $287,000 to $325,000, a 13% jump in one year. You may be thinking to yourself well I’ve seen this before, and we all know how that ended. In 2008 the market blew up causing the entire economy to implode as the United States entered a rather forgotten recession that severely impacted culture, families, and demographics. But many experts are now saying this time is different. I this video we explore the housing market and look into the future, will we see prices double even triple in the coming years?

Видео REDFIN CEO Predicts Extreme Housing Affordability Crisis канала MHFIN