Coming off of 2021 where the avergage home price rose 16.9%, the highest on record, i have to wonder how sustainable this pricing trend is for single-family real estate. Between the costs of materials and construction for any repairs or remodles, the costs appliances etc what is the concensus in this sub for a first-time home buyer entering the market at these prices?
Is there utility in waiting for a reversion to the mean in pricing, or better to just jump in even at these elevated prices?
Submitted January 25, 2022 at 04:00AM by DatSynthTho https://ift.tt/3qXORn6
