Homebuying 101 with Sebastian Cordoba

On this episode of Homebuying 101 with Sebastian Cordoba, we had the privilege of hosting Marlborough's own, Elaine McDonald from Re/Max Executive Realty. Elaine delved into crucial market insights, discussing current conditions and forecasting future trends. She emphasized the stark reduction in inventory, dating back to 2017, and highlighted the impact of COVID, low-interest rates, and affordability challenges. Elaine projected a two to three-year recovery period for the market due to the lack of inventory, emphasizing the need for more affordable properties and increased collaboration within the community. She also shared valuable advice for first-time buyers, encouraging them to persevere, save diligently, and consider starting with a smaller property as an investment. If you're considering entering the real estate market or just want to stay informed, this episode is a must-watch! Don't forget to like, comment, share, and subscribe for more insightful content. #HomeBuying101#RealEstateInsights#MarketUpdate#AffordableHousing#CommunityMatters