Team Funke Realty

The average home price rose at 6x the Fed's inflation target of 2%.

What we are seeing is hyperinflation in scarce desirable assets.

Rates are historically low, but so is inventory. Buyers are acting fast to outpace rising home values. While current home-owners are benefiting from highly desirable interest rates.

☑️ There's a Myth Real Estate Right Now 🤩💯:

📌 There will be a wave of foreclosures coming onto the market

📌 This wave of foreclosures will drive prices down

☑️ The Reality 😎💪

📌 Less than 1.5% of homes in California are underwater.

📌 Interest Rates are historically low! Which is one factor why there's more demand than supply.