Home Prices Scaling New Heights in a Reel Estate Real Estate Adventure
Main Takeaways
- National home prices have punched through the roof, scaling a steep 3.9 percent climb from where they were chilling a year earlier in September.
- Not stopping there, they decided to take one leap for mankind, rising another cheeky 0.7 percent from just the previous month.
My Hot Take
Look at these home prices thinking they’re a gym junkie set on a “get swole” mission. Did someone tell them they were competing in the “World’s most expensive Monopoly game” or something? Here they are, not just content with a 3.9 percent hike over last year, they’re stepping up their game with a 0.7 percent rise from just the previous month. Newsflash, homes, you’re not participation trophies – not everyone can afford to take you home.
Just when you thought you’d skip one overpriced latte to add to your home savings, home prices are pumping up like they’re auditioning for a Schwarzenegger role in the next Terminator remake. Makes you ponder, maybe, it’s time we move to Mars. At least there, we wouldn’t be competing with real estate prices but rather with actual real aliens. Pretty sure those green guys can’t flip a house to save their life.
At this rate, in a few years, owning a home will not just be about ‘settling down’; it will be about winning a financial marathon while juggling flaming bowling pins and simultaneously mastering the unicycle. But hey, look on the bright side, the home prices can’t climb forever, can they? In the words of someone who definitely wasn’t a real estate agent: “What goes up, must come down.” Fingers crossed they heard that too.
Original article: https://www.inman.com/2023/11/28/home-prices-climb-higher-for-7th-straight-month-led-by-detroit/
