Housing within the ‘90s vs. Right this moment. What’s Modified?

If you happen to grew up within the ‘90s, you…

Listened to your favourite band on a Sony Walkman.
Tied up the cellphone strains with dial-up web.
Scrambled throughout city for the most recent Beanie Child drop.
Forgot to feed your Tamagotchi…once more.

Feeling nostalgic but? 

‘90s dwelling developments are making a comeback 

We’re beginning to see some ‘90s developments resurfacing, not solely in style, however in our properties. Assume white kitchens, blonde wooden flooring, brass {hardware}, and pastels. Even cover beds are coming again to make a press release. 

Our sentimental aspect is thrilled to see these developments coming again, however there’s one factor (moreover overplucked eyebrows) that we’d like to depart up to now. It’s time to say goodbye to excessive actual property commissions. Particularly while you think about the truth that housing costs have elevated exponentially.

A lot has progressed because the ‘90s. So, why hasn’t actual property? 

At present, 61% of renters within the U.S. can’t afford to purchase a house within the metropolis they dwell in and inflation has hit a 40-year report. We researched median dwelling sale value knowledge on the onset of the ‘90s via 2022.  

1990-2000 knowledge pulled from US Census knowledge besides fee charges (6.00%), that are used as a baseline charge for comparability.

Kinda surprising, proper? Dwelling’s are getting dearer whereas many are nonetheless paying excessive proportion primarily based commissions. The underside line is that homeownership is more and more unaffordable and unattainable for individuals immediately.

At Homie, we’re right here to shake up actual property to make homeownership simple, reasonably priced, and accessible for all. We’re a substitute for the normal actual property business. Proper off the bat, we drastically diminished excessive charges and commissions. That was so old skool. 

Financial savings calculations primarily based on distinction between 3% itemizing agent fee and Homie’s itemizing payment. Financial savings, fee charges, and timing might range.