July 19th - America’s Affordable Housing Crisis Just Got Worse In 2017 ~ VIDEO

Affordibility Crisis 

Steve kicks off the show with some good-humored banter about Terry’s six-seater golf cart that she’s been driving around her neighborhood and giving people rides in, for free.  Then, getting serious, Steve turns to an article that says some housing markets are reaching crisis levels for affordability.  Terry confirms this with data on America’s affordable housing crisis that shows a 7% annual drop in national inventory for homes priced below $100,000, making home purchases harder for lower income buyers.  She also cites a 2% inventory increase in homes in the $100,000 – $200,000 range, a 20% increase in homes in the $500,000 – $1 million range, and a 30% increase in homes above the million-dollar mark.  So if you’re looking for a luxury home—anything that lists for over $1 million—now’s a good time to buy because there is a lot of inventory in that price range.