When everywhere you look, prices are going up, it doesn’t seem so hard to believe that the price of houses would be too.
I ran across a Washington Post article today that really brought that home for me. It said there are 43 million rental properties in the United States, and about 34.5 percent of Americans rent.
They pointed out that single-family rental homes now represent about 5.1 percent of all new single-family home construction, up from 3.5 percent in the 2000s.
“Take Boise, where the typical home now costs $519,081 and skyrocketed 35.6 percent over the past year, according to the Zillow Home Value Index. According to Mark Meyer, a principal and chairman of the board of TGB, a landscape architecture firm, the average price of a home in Texas has increased by 35 percent.”
“In Dallas, you can’t buy a townhouse for less than $280,000 … Land prices went up during covid, and that affects the sales price of a house. We have a huge affordability issue,”
That may be the unintended consequence of today’s hot real estate market. Thank you Washington Post for pointing that out to us.
(Take this FREE FSBO QUIZ to see if you should even try selling your own house.)
I also still have to say it is a good time to sell your own house if you are moving anyway. Don’t just sell to make a profit, but also don’t pay more commissions than you need to. If the time is right for you to learn more about selling your own house, let’s talk. I am Don Martin, the broker right here at this website.
Don Martin is a real estate broker, who operates theReasonableRealtor.com and mlsDon.com for homeowners selling their own houses.
Don is also a writer, editor, and storyteller at DonMartinBooks.com. He works with business owners and creatives to help them with their websites and books to find words that best resonate with their audiences. By night, you’ll probably find him in the studio or somewhere quiet trying to catch up on his sleep.
Also, please visit him at medium.com/@donmartin711 when you can, and hit “follow” and some “handclaps” while you’re there.
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