Here’s what you really need to know about a few myths causing fear in today’s housing market.
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- Today’s housing market is different than it was in 2008.
- Lending standards have tightened, foreclosures have declined, home inventory is much lower, and homeowners have far more equity.
During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year.
Some homeowners have been waiting for months to put their house on the market because they don’t think people are buying homes right now.
If you're thinking about buying or selling a home, you might have heard that it’s tough right now because mortgage rates are higher than they’ve been over the past few years, and home prices are rising.
You might remember the housing crash in 2008, even if you didn't own a home at the time.
Wondering why the supply of homes for sale is limited today?
There have been a lot of shifts in the housing market recently.
The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it's put the market into a reset position.
- If you’re planning to buy or sell a home today, it’s important to be aware of common misconceptions.
- Whether it’s timing your purchase as a buyer based on home prices and mortgage rates or knowing what to upgrade or repair before listing your house as a seller, it takes a professional to guide you through those decisions.
- There are a lot of misconceptions about buying or selling a home today, making it challenging to know exactly how to navigate the current real estate landscape.
- Here’s a little clarity when it comes to 5 common myths about the 2021 housing market.
- Your agent now has over 6 months of experience selling houses during the pandemic and can make the process easier and safer for you today.
- COVID-19 protocols and technology usage recommendations from the National Association of Realtors (NAR) are making it possible to sell houses right now, while agents continue to abide first and foremost by state and local regulations.
If your listing expired and your house didn’t sell, you’re likely feeling a little frustrated.