The Battle for Affordable Housing in Pittsburgh | 1-Minute Market Update w/ Martin
Manage episode 439707885 series 2798833
Is the housing market finally tilting in favor of buyers, or is it just a mirage? This week, we dissect the latest trends, revealing a landscape marked by cautious interest and strategic waiting. Mortgage applications have nudged up slightly, online home searches are on the rise, and inventory is expanding, giving buyers more options but also heightening competition. Despite these shifts, steep home prices and high-interest rates keep the market tense. We'll break down current data on home prices and interest rates, providing insights on whether to buy now or hold out for a better deal.
Join us as we shift our focus to Pittsburgh's bold attempt to tackle affordable housing. A new rule could mandate that 10% of units in large apartment buildings be designated for families earning under $50,600 annually. While developers argue against the financial strain this rule might impose, the city council's decision could reshape the housing landscape. Amid rising borrowing costs and a strained job market, there's a silver lining with easing inflation hinting at potentially lower interest rates. Tune in to get the latest pulse on both single-family homes and the multifamily sector, and arm yourself with the knowledge to navigate this complex market.
This episode is brought to you by Premier Ridge Capital.
Sign Up for our Newsletter and get our FREE E-Book where you'll learn everything you need to know about creating financial freedom through multifamily syndication.
Visit www.premierridgecapital.com now!
This episode is brought to you by Premier Ridge Capital.
Build Generational Wealth As A Passive Investor In Multifamily Real Estate Syndication!
Visit www.premierridgecapital.com to find out more.
This episode is brought to you by Premier Ridge Capital.
Sign Up for our Newsletter and get our FREE E-Book where you'll learn everything you need to know about creating financial freedom through multifamily syndication.
Build Generational Wealth As A Passive Investor In Multifamily Real Estate Syndication!
Visit www.premierridgecapital.com to find out more.
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