Rick Sharga, founder of CJ Patrick Company, discusses current housing market conditions and economic trends. Rick explains that despite mortgage rates tripling since the pandemic, the housing market has shown resilience with 49 consecutive months of year-over-year price increases, though sales volume remains down for three years. He noted that while affordability remains a challenge with a $40,000 wage gap for median-income buyers, recent data shows pending sales and mortgage purchase applications running ahead of last year, suggesting pent-up demand may soon drive market recovery. Rick highlighted that inflation concerns stem largely from energy price increases following the Iran conflict, and emphasized that wage growth continues to outpace home price growth, making affordability slightly better. He also discussed how builders currently face a 10-month supply of new homes while existing home inventory remains tight, creating opportunities for investors in both markets.

https://empoweredinvestor.com/Ai

Reach out to our Investment Counselors 1-800- HARTMAN Ext. 2

PropertyTracker.com

https://cjpatrick.com

_______________________________________________________________

Follow Jason on TWITTER, INSTAGRAM & LINKEDIN

Twitter.com/JasonHartmanROI

Instagram.com/jasonhartman1/

Linkedin.com/in/jasonhartmaninvestor/

Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://empoweredinvestor.com/

Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: https://empoweredinvestor.com/Fund

CYA Protect Your Assets, Save Taxes & Estate Planning:

https://empoweredinvestor.com/Protect

Get wholesale real estate deals for investment or build a great business – Free Course: https://empoweredinvestor.com/deals

Special Offer from Ron LeGrand:

https://empoweredinvestor.com/Ron

Free Mini-Book on Pandemic Investing:

https://www.PandemicInvesting.com