On this episode of Ask The Experts, Alka talks about the problems we are facing and how we can overcome them in 2022 for first-time buyers and homeowners looking to make changes.

KEY TAKEAWAYS

• The pandemic has given us a shift in how we work, lots of people started working from home and millennials have started moving out of big cities to the suburbs. There’s going to be big gains for the market, but that doesn’t mean the consumer will make big gains.
• Homes on the market have doubled or tripled in value, but despite the rise in housing costs we’re seeing the population boom is driven by baby boomers looking to settle away from big cities and the Covid pandemic shifting so much of our lives.
• Construction is happening everywhere, you want to make sure to take advantage of the extra living space and the population that will continue to rise because of these new homes. The test here is affordability as a buyer.

BEST MOMENTS‘Everything is going high and getting expensive. You need to plan ahead to make sure your family can maintain your lifestyle. There will be a generation of buyers out there that are shut out.’
‘Buyers want space. That will cost in the city with property tax. People are moving to the suburbs.’
‘Individuals with low and fixed incomes will be affected the most.’

ABOUT THE HOSTAlka Sharma is a Real Estate Investor. She has a zest for life, helping her clients gain knowledge and insights into property investing. Alka takes her time to make sure her client’s needs are met.
Alka is an accomplished, professional ballroom dancer having competed both nationally & internationally.
Alka is grateful for all her experiences that have shaped her today as a successful Entrepreneur, Real Estate investor.
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