3 Signs That The Housing Market Is Starting To Get Better After A Historic Affordability Crisis
                     3 Signs That The 
Housing Market
Is Starting To Get 
Better After A Historic 
Affordability Crisis
w w w. p a u l s i n g h re a l t o r. c o m
2020 brought a wave of 
investment, people were 
getting involved in buying 
more and more houses every 
day but soon this boom 
morphed as 2021 brought a 
wave of the affordability crisis.
This crisis had even given birth to 
bidding wars which further drove 
the prices higher even than the 
record pace. 
Selling prices are reversing 
their growth
If we talk about the data published in Redfin we 
will find out that the median price of a 
previously owned home fell almost by 0.2% in 
the four weeks ending on August 1.
Home Sale Prices Up 
18% From 2020
Through various sources, real estate brokers in 
Fresno, Ca, and economists it has been 
interviewed that prices are expected to rise 
more slowly, and hence not return to pre-crisis 
lows. 

Inventory is coming back
In the present real estate business, we can say 
that everything is connected. The weakening of 
demand for property ultimately puts less 
pressure on the prices, while the greater the 
inventory the greater options the buyers get.

According to the graph, the active home listing had risen 
slightly according to the redfin average while it further 
followed a steady uptrend after sliding in 2020 and early 
2021. 
Also, it is notified that the real estate consultants in Ca have 
supplied the maximum number of homes in the US as it rose 
to 6.3 months’ worth in June, which is the highest since April 
2020.
Competition has almost 
faded
Nowadays sales are not like they were a few 
months ago. Rapid-fire purchases have become 
the new normal and buyers are rushing to get 
their deals close.

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