Home Price Still 30-40% Too High | Nick Gerli

It's prices, not rates, that are the real problem

Well, the average home price in America remains just about as unaffordable as it's ever been.

In fact, a recent report from real estate data provider ATTOM examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average income earner.

And to add insult to injury, 30-year fixed mortgage rates just rose back above 7%.

So, what lies ahead for home prices in 2024?

To find out, we welcome housing analyst Nick Gerli, founder of re:venture Consulting and creator of the new re:venture APP back to the program.

To hear Nick’s predictions for where housing is headed, click here or on the image below:

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