Find all video versions of the show and our websites here: https://linktr.ee/realestateradiohour?fbclid=IwAR1rfMXbKwjP7_7bGzrYBdfGIAkXp8I5xe39MX-xjYyHxJZ9D7MDlqeS8u4 The average mortgage cost reaches 45% of household income, highest level in 40 years.   At 45% of median household income the average mortgage cost is now much higher than even the peak of the 2000s housing bubble.  The only period in history in which the number was over 45% was the late 1970s to early 1980s. How do you foresee this number returning to the historic norm? Will household salary increase or will the monthly payment cost decrease? Or will it not return to normal and beat out the all time peak of ~53%?  The tides have turned...  Contractors Are Back? I recently bought a cabin on a few acres for $10K under asking and have been chipping away at DIY projects like insulation, vapor barrier, and hot water heater. My contractor neighbor recently asked me if he could demo my stoop due to a large remodel cancelling, and if this goes well, I have more work for him. I'm hoping that this is a sign that contractors are becoming more willing and available to take on smaller jobs, and that those who have been waiting patiently and being frugal can start to get call backs on their projects.   Meet the neighbors before putting in an offer?  We are planning to move out of state and want to meet our potential future neighbors before making an offer on a house. Is this strange and what is the best way to go about this without invading others privacy?   New Redfin Data Dropped... The median sale price ended the winter season on a high note, increasing from 352k to 370k with an 11 day increase in DOM and a 5.2% YOY increase in median price. Interest rates dropping over the past month have put interest back into the market, and this should be reflected in the coming months.   Consumer prices fell 0.1% in December, in line with expectations from economists (attached) https://www.cnbc.com/2023/01/12/consu...