Housing market

We have discussed housing market in general. Now let’s look at how it affects you.

1. If you are a homeowner, describe: [go to real estate websites (Zillow, Redfin, etc.) to find out relevant information]
   • number of years of homeownership
   • how much your house has appreciated since purchase
   • average annual percentage increase since purchase
   • whether you are cost burdened (compare with 30% threshold)
   • your neighborhood is a buyer’s market (cool) or seller’s market (hot)
   • the reasons why you decided to buy a house
   • whether you think you made a good decision and why
   • whether you are satisfied with your living conditions
   • whether you have difficulty paying monthly payment during COVID
   • government policies that help homeowners during COVID
2. If you are a renter, describe:
   • number of years of renting
   • how much your rent has gone up during these years
   • average annul rent increase since you/your family moved in
   • whether you are satisfied with your living conditions
   • whether you are cost burdened (30% threshold)
   • whether your place is protected by rent control
   • whether you have difficulty paying rent during COVID
   • government policies that help renters during COVID
   • whether you plan to buy a house eventually and explain the reasons of your decision
   • if you would like to buy a house, what are the hurdles towards your homeownership