Why We’re Not Headed for a Housing Crash
Today’s housing market is nothing like it was in 2008. Let’s connect to discuss the reasons why it’s different.
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Today’s housing market is nothing like it was in 2008. Let’s connect to discuss the reasons why it’s different.
As supply chain issues and labor shortages continue to impact the housing market, builders have not been able to make progress toward closing the gap in new home demand. A new report released this week by Realtor.com found that the gap between single-family home construction and household formations grew from 3.84 million homes at the beginning of 2019 to 5.8 million homes at the end of 2021.
The home-buying process is not just finding the right house, but the financial end can be overwhelming. So keep these tips in mind to help you avoid traps a home buyer can make:
If your goal is to purchase a home this year, you might be looking for any advantage you can get in today’s sellers’ market. While competition is still fierce for homebuyers, there are ways you can win and secure the home of your dreams, even in a hot market.Act Early and Save
September 2021 marked the first month since May 2020 in which annual home price growth decelerated, with home prices increasing 19.5% year over year, down from 19.8% in August.
You may be wondering if now is a good time to buy a home…or if interest rates are projected to rise or fall. The free eGuide below will answer many of your questions and likely bring up a few things you didn’t even know you should consider when buying a home.
Selling your home when you still need to shop for a new one can feel daunting to even the most seasoned homeowner––especially when the demand for new homes keeps rising, but the supply feels like it’s dwindling.¹ You’re not alone either if you’re already feeling drained by the complex logistics of trying to sell and buy a new home all at once.
It’s the old supply-and-demand predicament: Home sales in the U.S. continue at a torrid pace, but the availability of listings remains limited. Buoyed by historically low mortgage rates, buyers keep shopping for homes, reducing the available inventory and sparking a rise in home prices across the country.
Climbing home sales and values are strong signs that the housing market is recovering. Let’s connect to plan the best way for you to move forward in your real estate goals this year.