A Recession Doesn’t Equal a Housing Crisis
Everywhere you look, people are talking about a potential recession.
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Everywhere you look, people are talking about a potential recession.
Downsizing is a popular choice for homeowners when they retire or when their needs change, but with inflation still high, it’s also a way to reduce costs.
Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low.
Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market.
When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed).
If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve.
If you’re considering buying or selling a home, you’ll want to know what’s happening in the housing market.
You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market.
Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low.