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Disparity between Housing Prices, Buyer Affordability, Grows

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Real Estate Agent with Pinnacle Estate Properties, Inc. CalBRE #01766461

CNBC reports a real mismatch between home sellers and buyers in the real estate markets. This is most pronounced in large cities, e.g., Los Angeles (my home), San Francisco and New York, where the disparity between the listed prices for homes vs. buyer affordability, is even greater.

The gap doesn't just affect first-time home buyers or less-affluent shoppers. Well-educated, high-income young physicians, attorneys, IT staff and other professionals are frequently included in the category of just not being able to compete in today's market. Physicians who choose to purchase using "doctor loans" are often being shut out of sales in markets for which older buyers can easily out-compete with 20%, 30% or more for down-payments.

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Kristin Johnston - REALTORĀ®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

As usual, you always provide up to the minute market info...great job!

Sep 27, 2017 07:36 AM