Current State of The Real Estate Market
The real estate market in the United States is currently in a period of expansion as this is indicated by record high home prices, lots of development is being done, and vacancy is low.
Inspired By Personal Experience
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Statistics
Fueled By The National Association of Realtors
Summary of March 2022 Existing Home Sales Statistics
16.2%
Median sales price jumped 16.2% from March 2020 to March 2021
15%
Housing prices jumped another 15% from March of 2021 to March 2022.
27.8%
There has been 27.8% drop in sales of houses under $250k compared to March 2021. Signals a sharp decrease in affordable housing.
Importance of Purple Doors
$6,271
Average value added by changing the color of the front door when selling a house.
Field Research
Informative Conversations
John Holland
Property Seller
Communicated with Mr. Holland through months of January and February. Excited to be able to sell his property and move to the country. Mentioned house not selling on the market in 2019 but being able to sell it off market for higher price in 2022.
Blake Lea
Real Estate Developer
Owner of a real estate development business in Nashville. Determined to buy more houses as he is confident the real estate market will stay hot. Spoke on