The facts just aren’t supporting this doomsday idea!
Right now, there’s a lot of talk out on the internet about how the housing market is going to crash. But if you look at why the market has burst in the past, you can see that it’s not likely at all.
Right now, homeowners have a lot of equity in their homes and foreclosure rates are low. This means that homeowners are in a strong position, which results in a stronger and more resilient real estate market.
Lending standards are much stricter now, and mortgages aren’t given to people who can’t afford them. This goes hand in hand with equity to show that homeowners are likely to stay in their homes.
Plus, our market is a strong seller’s market. Low inventory and high buyer demand mean that people are still buying and selling–and there’s nothing to “burst.”
Still worried about the real estate market? Let’s grab a coffee and chat about it! Just send me a message and I can help you see if buying or selling right now is a good move for you.
Source: Keeping Current Matters
