“Encouraging statistics!”
Some Highlights:
- There is plenty of talk in the media about a pending economic slowdown.
- The good news is, home values actually increased in 3 of the last 5 U.S. recessions, and decreased by less than 2% in the 4th.
- Many experts predict a potential recession is on the horizon. However, housing will not be the trigger, and home values will still continue to appreciate. It will not be a repeat of the crash in the 2008 housing market.
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Buyers have fewer choices now than they did in more typical years. And that’s why you could see some great perks if you sell today.
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Even though higher mortgage rates has caused buyer demand to moderate, home prices are going back up is because there still aren’t enough homes for sale for all the people who want to buy them.
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Don’t fall for the negative headlines and become part of this statistic. Remember, data from a number of sources shows home prices aren’t falling anymore.
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