“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.
To view original article, visit Keeping Current Matters.
Why It’s Still a Sellers’ Market
While buyer demand is softening due to higher mortgage rates, homes that are priced right are still selling fast. That means your window of opportunity to list your house hasn’t closed.
3 Graphs To Show This Isn’t a Housing Bubble
It’s only natural for concerns to creep in that it could be a repeat of what took place in 2008. Today’s market is nothing like that.
Why Are People Moving Today?
While mortgage rates are higher than they were at the start of the year and home prices are rising, you shouldn’t put your plans on hold based solely on market factors.
A Window of Opportunity for Homebuyers
The housing market is still strong; it’s just easing off from the unsustainable frenzy it saw during the height of the pandemic.
What’s Causing Ongoing Home Price Appreciation?
Experts forecast ongoing home price appreciation thanks to the lingering imbalance of supply and demand.
Think Home Prices Are Going To Fall? Think Again
If you’re planning to buy a home, you shouldn’t wait for home prices to drop to make your purchase.
.jpg ){kind=logo}
