Residential Housing

History Making Prices

DYI:  Talk to any young family attempting to purchase their first house as an insurmountable task as prices have spiked higher despite higher mortgage rates.  This one two punch is leaving more and more young couples behind in purchasing their first house.

There is no joy Rentville as those monthly costs have blasted skyward despite being significantly less than purchasing!  For those who purchased their home near the bottom of the Great Financial Crash (see chart below) many have gains in greater than $300,000 and some as high as $500,000!  I’ve advocated that they sell then invest those gains conservatively – [the U.S. stock market is vastly overvalued] - and use some of the proceeds to rent (if needed).