The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission-critical if you want to know the truth about what’s happening today.
There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences.
If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus.
While the housing market has cooled from its overheated frenzy, it’s still a sellers’ market. Let’s connect so you understand what’s happening with buyer demand and home prices in our local area as you get ready to enter the market.
If you’re following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting?
Americans’ opinion on the value of real estate as an investment is climbing. Not only is real estate viewed as the best investment for the ninth year in a row, but more Americans selected it than ever before.
With home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons.
In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, there’s a good chance you have a mortgage with an interest rate higher than today’s average.