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#343: The real estate market in 2021 has been bonkers.\nThat\u2019s the technical term.\nFrom 2012 to 2020, home prices nationwide rose at an annualized average of 5.8 percent per year.\nFrom April 2020 to April 2021, home prices climbed 17.2 percent.\nThis sudden surge in prices has many homeowners and would-be investors fearful of a crash. The memories of the stark price run-up prior to The Great Recession are all too salient.\nWhat goes up must come down, right?\nNot exactly. In this episode, we walk through market fundamentals \u2014 discussing housing supply, lumber prices, and the distinction between cheap credit vs easy credit \u2014 to illustrate how today\u2019s market is unlike anything we\u2019ve ever seen.\nMore importantly, we offer tips for everyone \u2014whether you\u2019re a renter looking to get into your starter home, an empty-nester looking to downsize, an owner-occupant who wants to lock in your gains, or a curious aspiring investor who wonders if it\u2019s too late.\nEnjoy!\nFor more information, visit the show notes at https://affordanything.com/episode343\nLearn more about your ad choices. Visit podcastchoices.com/adchoices