Central Property Group

Houston Housing Affordability Declines With Soaring Prices. About half of all Houston-area households could afford to purchase a median-priced home during Q1 2022. Read more about it here- https://bit.ly/HARAffordability

"Canada bans foreign real estate investors for two years"

Personally, I think that foreign money will now be forced to park its money in U.S. real estate. I am familiar they were already doing this. However, I think it will bring even more money into USA real estate. And will continue to be harder for non investors to buy houses to live in. And in return that will continue to make rent prices rise due to supply & demand. 😩

Just my thoughts! What y’all think?

These four apartment REITs could be good opportunities for investors to cash in on skyrocketing rent prices, Jim Cramer says "With rents skyrocketing all across America. ... You might want to own one of the best apartment REITs," the "Mad Money" host said Tuesday.

Another sign of the times: The U.S. now has almost 500 cities where the average cost of a home has hit $1 million, according to Zillow.

For most Americans, owning a home is now a distant dream As housing prices soar, owning a home in the U.S. "is a signifier of the upper class now," one real estate economist says.

At the end of December, just 910,000 homes were for sale in the US and prices were up 28% from 2019.

More than 80% of Americans ages 18–34 said now was a bad time to buy a house, according to a Fannie Mae survey released yesterday. Their gloomy outlook is shared by the broader population: A record-low proportion of Americans—just 25%—said it was a good time to buy a house right now.

The median home-sale price reached a record high of $365,000 in January, according to Redfin. That’s a 16% jump from the previous January and a 28% increase from January 2019.
Skyrocketing home prices highlight the severe demand–supply imbalance that emerged in the housing market over the pandemic.
Interest in buying homes soared thanks to historically low interest rates and the desire to avoid your trumpet-playing neighbor at all costs.
But the supply of available houses has not kept up—not even close. In fact, the 910,000 homes for sale at the end of December was the lowest since the National Association of Realtors began keeping track in 1999.

Young Americans overwhelmingly say it's a bad time to buy a house A record-low share of Americans—just 25%—said it was a good time to buy a house right now.