Housing Prices are Not Heading for Another Crash
As home values continue to increase at levels greater than historic norms, some are concerned that we are heading for another crash like the one we experienced ten years ago. We recently explained that the lenient lending standards of the previous decade (which created false demand) no longer exist. But what about prices?
Are prices appreciating at the same rate that they were prior to the crash of 2006-2008? Let’s look at the numbers as reported by Freddie Mac:
The levels of appreciation we have experienced over the last four years aren’t anywhere near the levels that were reached in the four years prior to last decade’s crash.
We must also realize that, to a degree, the current run-up in prices is the market trying to catch up after that dramatically dropped prices for five years.
Bottom Line
Prices are appreciating at levels greater than historic norms. However, we are not at the levels that led to the housing bubble and bust.
To view original article, please visit Keeping Current Matters.
When Is the Perfect Time To Move?
No matter when you buy, there’s always some benefit and some sort of trade-off – and that’s not a bad thing.
That’s just the reality of it.
One Homebuying Step You Don’t Want To Skip: Pre-Approval
A preapproval means you’ve cleared the hurdles necessary to be approved for a mortgage up to a certain dollar amount.
The Truth About Credit Scores and Buying a Home
You don’t need perfect credit to buy a home, but your score can have an impact on your loan options and the terms you’re able to get.
What To Save for When Buying a Home
Planning ahead and understanding the costs you may encounter upfront can make buying a home less intimidating and allow you to take control of the process.
Expert Forecasts for the 2025 Housing Market
If you want to find out what’s happening where you live, you need to lean on an agent who can explain the latest trends.
Time in the Market Beats Timing the Market
If you want to buy a home and you’re able to make the numbers work, doing it sooner rather than later is usually worth it.
New Year, New Home: How to Make It Happen in 2025
Buying or selling is a big milestone and a great goal for this year. With the right expert, you’ll feel confident and ready to take on the market.
Simple Steps To Help You Save for Your First Home
Reaching your savings goal doesn’t mean making huge sacrifices overnight – small, consistent steps can get you there over time.
How Eco-Friendly Features Can Boost Your Home’s Value
Not sure which upgrades to prioritize? That’s where a local real estate agent comes in.
The Biggest Perks of Buying a Home This Winter
Since homes generally take longer to sell during the winter, sellers are often more motivated to close a deal.