But now, because of digital marketing and the masses of online information available to consumers, “all the rules about timing are gone,” said Barbara Fox, the founder and president of the Fox Residential Group. “The rules are out the window. My theory is: Get it out there. Let’s see if there’s someone out there waiting for it.’’
Kathy Braddock, a managing director of William Raveis New York City, agreed. “Pre-internet, we were much more seasonal,” she said. “Now, real estate is a 24/7 exercise. Some people are buying from photos. There’s always, always a market.”
The affordability crisis in US cities is not just about buying homes. Rents, too, have been rising since the Great Recession. In the coastal and hot cities like Denver and Austin, those increases have put even rentals out of reach for many in the middle class–defined as those making between $50 to $125,000 depending on household size.
“As markets across the country stretch tight with low inventory and high selling prices, many homeowners fear, and even boycott, low-income housing. Specifically, homeowners are wary of the integration of HUD supported Low Income Housing Tax Credit (LIHTC) housing projects. Why? Some believe that these government supported homes may lower the values of properties nearby.
A new study powered by Trulia wipes these fears clean by setting the table with surprising news: in the nation’s 20 least affordable housing markets, low-income housing built during a 10-year span shows no negative effect on nearby home values”