Housing Market 2022: 10 Tips for Sellers Hey, real estate fans! Unless you’ve been living underneath a rock, you have likely heard talks of a housing market bubble that could burst at any moment. Don’t worry – we’re not seeing any crashes anytime soon. The real estate industry has been experiencing some shifting trends lately, and when compared to the last crash, there are plenty of factors that make this time different from 2008. Back then, terrible lending regulations, a …
Month: June 2022
Are home prices about to fall? Here’s how to make sense of this crazy housing market
We are at the point of the economic cycle where I really just get two questions: Are we going into recession and are home prices about to fall? I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a …
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Worried About a Housing Market Crash? The Smartest Real Estate Investors Know These 3 Things.
1. The housing market will recover Markets don’t stay down forever. After recessionary periods where values or demand fall, markets will eventually rebound. In the Great Recession, which is considered one of the worst housing market crashes in history, property values fell 37% over a period of six years. But five years later, the housing market had returned to its pre-recession peak and continued on to increase 59% in value over the next five years. No one wants to see property …
Will 40-Year Mortgages Become a Thing? Here’s What Real Estate Experts Say
A global pandemic followed up by a looming recession is the kind of once-in-a-lifetime double whammy that can really rock your financial confidence. Now, as interest rates spike, it raises the question: Could a 40-year mortgage option help solve housing affordability problems and remove some hurdles for first-time buyers? Back in April, the Federal Housing Administration announced it was making a 40-year loan modification available to homeowners. The Fed’s hope is that by spreading payments out over 480 months instead of 360, existing borrowers …
Read MoreWill 40-Year Mortgages Become a Thing? Here’s What Real Estate Experts Say