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It’s a Bad Time for Real Estate Agents


This is a bad year for real estate agents. The increase in mortgage rates and the alarming shortage of affordable homes has put the brakes on homeownership.

Yes, there’s also been a slowdown in new construction but not only for the reasons you think.

This may come as a surprise, but the Trump administration’s crackdown on immigration and its tariffs on imported lumber have made homebuilding more expensive, particularly in popular urban markets.

The decline in new construction and a short supply of existing homes for sale have made housing prices so high that many potential homebuyers are either finding themselves in bidding wars or sitting on the sidelines.

"We're hearing things from our real estate agents that we haven't heard in three years about homebuyers stepping back from high prices," said Redfin CEO Glenn Kelman.”

Read on HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

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