This is why

This is why 💰

Even with these crazy prices for homes, we are still seeing people compete for nice homes in good neighborhoods. And the nay sayers say this is not sustainable and the market will crash.

This is the St. Louis Fed. data about National Home Value vs. equity vs. debt

Mortgage Liability value $13.3 Trillion

Home Equity $32.8 T

Home Value $45.8 T

If you look at the raw data, you may get a different perspective.

People would rather be on the inside figuring out their equity gain, than on the outside looking in. 

#realestatemarket #equitygrowth  #generationalwealth #SiliconValleyHousing #BayAreaHousing #stevemungroup