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#2 reason for this Hot Market

Robert Embley

Founder and Principal Broker. BA in Economics from Fordham University. Licensed since 2010. I operated as a Sales Agent from 2010 to 2015...

Founder and Principal Broker. BA in Economics from Fordham University. Licensed since 2010. I operated as a Sales Agent from 2010 to 2015...

Oct 26 1 minutes read

Without a doubt, the #1 reason is the low inventory/ high demand environment. More specifically, low inventory. #2 is the primary driver for high demand...... boosted affordability. 


Most of us acquire our homes using a loan. This loan's interest rate has a huge impact on how much home you can afford. Historically low interest rates (sub 3%) make it so that you can afford 10% more home than they could a year ago. 


When I tell homeowners and potential buyers that affordability is unusually high I often encounter pushback. I created a slide deck to more effectively illustrate housing affordability:

Thinking of buying? 

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