Housing Market Update

In this podcast, I’m going to give you a quick rundown of what’s going on in the housing market and how it affects you.

In this episode of the TruPodcast, I will discuss two numbers that can make your day better or worse depending on how you look at them. The first number is $361,800 which is an average sales price of a new home for June 2021. The second number is $563.40(At the time this episode was recorded), which is the cost of 1,000 board feet of lumber. Why is that number important to you and me? It tells us how much it can potentially cost us to build a brand new home. Or that back patio you want to build, but have been putting it off cause the cost of lumber has priced you out of the market.

I think that everyone has been wondering what’s happening with housing prices lately? Well, we’re here for you. We’ll take a look at some of the factors affecting today’s real estate market and provide an overview of what might happen next. If you want to know more about homeownership or are considering buying or selling your own property. So what does all of this mean? Tune into this episode to find out!

References Used:

https://www.cnbc.com/2021/07/29/pending-home-sales-drop-in-june-.html