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John Matthews has been in the real estate industry now just short of 10 years and over that time he has seen major changes. John was able to tell us that the real estate market today is driven by supply and demand. In 2021, the housing market hit its peak, and those looking to purchase resulted in overpaying large amounts more than the cost of the property was actually worth. Sadly this was now showing cause and effect as the rate of inflation is increasing, and insurance rates are out of control. Many families are having to sell their properties for less than what they paid. Rates increases of up to 30% in the last two years is proving that housing is becoming unaffordable to the ordinary family.
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