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Market Overview and Update: Can You Still Afford to Buy?
Manage episode 436845988 series 3562796
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Buying a house in California feels impossible, right? Sky-high prices, rising rates, and no inventory. In this episode, we're breaking down why it's so tough and sharing how you can still make it happen. Discover the power of house hacking and creative strategies to unlock homeownership, even in today's challenging market. As a realtor and investor, I've seen it all, and I'm here to guide you.
Takeaways
The median sales price for a house in California is $900,000, making it difficult for many people to afford a home.
The affordability crisis is driven by the imbalance between supply and demand.
The cost of building, including land, labor, and lumber, is increasing, contributing to higher home prices.
Real estate remains a good long-term investment, providing financial security, wealth building potential, tax benefits, and protection against inflation.
For more on the Schwaegerle Team follow us on Instagram - Facebook - YouTube - or visit us online at https://www.soldslocounty.com.
This podcast was produced by Two Brothers Creative.
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