Part 4/10:
To better understand potential buyers’ attitudes, I conducted a poll on my channel, asking followers about their maximum budgets for purchasing a home within three years. The findings revealed that approximately 77% of respondents could not afford homes priced above $500,000. 30% indicated their budgets were ≤ $250,000, keeping them sidelined in a market that rarely offers homes within that range, except in certain states like Oklahoma. This suggests a disconnect between what sellers are demanding and the financial realities faced by prospective buyers, compounded by soaring mortgage rates and inflation.