Diving deep into the current housing market dynamics, this episode explores the hidden supply of homes tied up in short-term rentals and single-family rentals. With home affordability at an all-time low, one has to question the landscape of true homeownership in today’s age. Can we bridge the widening gap between house prices and income? Is the essence of homeownership being redefined? Drawing from recent tweets by Lance Lambert and pivotal statistics, we dissect the undercurrents of the U.S. housing market in September 2023, one of the least affordable months this century. Join John Schink, Founder of Deerwood Realty in St. Louis, Missouri, as he breaks it all down.
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