Housing Market Update October 2023

In this episode, we discuss the multiple challenges prospective homebuyers and current homeowners face. First and foremost, we address the elephant in the room: inflation. The soaring inflation rates have significantly impacted the purchasing power of consumers, making affordability a significant issue for those wanting to own a home. They have influenced property prices and the ways in which individuals can prepare for the future. We also address How interest rates and student debt have affected many people's consideration of the future.