In this episode, we discuss the three main reasons buyers are hesitant to purchase homes right now: the election, interest rates, and housing affordability. We analyze current market trends comparing October 2023 and October 2024 data, including home sales, average sales prices, and listing activity in the Houston area. We also examine the impact of inflation, interest rates, and wage growth on housing affordability. Tune in for a detailed market report and insights into what might drive more buyers into the market soon.
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