Jan 7, 2025
12:02:21am
12:02:21am
Any comparison of home prices needs to be standardized with median Income.
Utah is one of the worst. Tied with NY
11th worst in the nation per this article. This is what matters. Affordability.
The availability of debt coincides with higher prices. Population to home inventory coincides with higher prices.
Adjust home inventory, population, or debt availability and you can affect prices.
Affecting median income in an area is much more difficult.
Kinda makes me want to buy a home in West Virginia.
If Trump was smart, he’d give builders a large credit for building more homes. Fannie and Freddie are helping on the buy side but we haven’t done anything in the sell side.
11th worst in the nation per this article. This is what matters. Affordability.
The availability of debt coincides with higher prices. Population to home inventory coincides with higher prices.
Adjust home inventory, population, or debt availability and you can affect prices.
Affecting median income in an area is much more difficult.
Kinda makes me want to buy a home in West Virginia.
If Trump was smart, he’d give builders a large credit for building more homes. Fannie and Freddie are helping on the buy side but we haven’t done anything in the sell side.
Originally posted on Jan 7, 2025 at 12:02:21am
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