Supply AND demand are at a standstill!

Housing supply AND demand are at a major standstill! The housing market is confused! 📊🏠 In 2020, just 3 years ago, interest rates were about half of what they are now, roughly 3.5%. As of today, rates are at almost 7% while home prices keep at a steady incline. If homes are priced right, they sell right away! The average debt to income ratio right now is insane! It's difficult for prospective buyers to get qualified for a loan if their debt to income ratio is over 50%. If you're looking for some help navigating your way through this tricky real estate market, I am here and I am happy to help in any way that I can! Never hesitate to reach out. 👩🏼‍💼♥️ 📲(714) 273-1381 💌[email protected] Meghan Shigo, Realtor DRE 01243803 Century 21 Affiliated #meghanshigo #meghanshomes #straighttalkwithrickandmeghan #podcast #realtor #realestate #housingmarket #anaheim #oc #orangecounty #downtownanaheim