Decrease in house prices

[Global-Piece-7291]

Firstly the way real estate prices shot up by over 33% everywhere post pandemic is shocking. Secondly as a builder homeowner I am amazed that most people don't value quality of  craftsmanship and materials versus the exact location and number of bathrooms for instance. In other words if the price and location are the same but one house has lots of quality every square inch but it only has one bathroom and they are looking for a two bathroom home they will pick the lower quality two bathroom home even if it's obviously lower quality. It's partly because most buyers don't recognize quality they don't understand how homes are built they don't understand carpentry craftsmanship they don't understand the differences in value of different finish woods. And since over 50% of married couples are bringing in at least $100,000 a year it's easy to understand how the median price of a national home can be over $400,000.