Real Estate Coaching Radio

Covid 19 Housing Crash Coming Soon? | Real Estate Training

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Sinopsis

Did you know that 01/21/20 was the 2 year anniversary of Covid 19 appearing in the USA? We have all now experienced the 3rd worst pandemic in the history of humanity. What long-term effects will the pandemic have on housing (and civilization on a whole?) 24 months later, we have: 1- Record low inventory. As of today, there are fewer than 1 million actively listed homes in the United States. 2 - Record high prices, with the average home price at $408,800, are projected to keep increasing by at least 16% in most markets for 2022. 3 - An all-time record of licensed real estate agents, as of today, 1.6 million. 4 - Mid-size and secondary markets have greatly benefitted by 'The Great Re-Shuffle', with people moving to more rural areas and away from urban centers. 5 - Even our language about houses has changed. Now we have Zoom Rooms, Peloton Rooms, and 'Cloffices' (closet offices). 6 - The number of homeowners who refinanced or are in the process has doubled in the past 24 months. 7 - In spite of record-low invent