Sep 01, 2022
Why Experts Say the Housing Market Won’t Crash [INFOGRAPHIC]
Some Highlights
- Many people remember the housing crash in 2008, but experts say today’s market is fundamentally different in many ways.
- There isn’t an oversupply of homes for sale today[1]. Plus, lending standards are much tighter[2], and homeowners have record levels of equity[3]. That means signs say there won’t be a wave of foreclosures[4] like the last time.
- If you have questions about the housing market, speak with a Realtor® today.
Visit the OneKey MLS Realtor® Directory to find the Realtor® that’s right for you.
You may be interested in:
Following an annual maintenance routine helps you to avoid costly repairs and keep your home a happy, healthy, and safe place to be. Homeownership comes with a significant responsibility that some people don’t understand when they decide to become homeowners. Home Maintenance is an ongoing, vital part of homeownership. As reported by the National Association of REALTORS®, nearly one in five people said they regretted buying a house because of the chore of maintaining it.
Have you been trying to buy a home, but mortgage rates and home prices are limiting your options? You’re definitely not alone. First-time homebuyers especially should take note of the good news: Smaller, more affordable homes are on the way.
From being the first owner, customizing your home’s features, and in some cases getting the chance to watch it being built from the ground up, there are a lot of benefits. Navigating the complexities of buying a home that’s under construction can also be overwhelming. There are a lot of things to be aware of – and this is where a skilled agent makes the difference.
Everyone knows that bathrooms can be messy and cluttered. When you think about décor and design, the bathroom is likely not the first room that comes to mind. Even the most appointed, professionally designed bathrooms can become disorganized easily, especially in a shared space. Sometimes a cluttered bathroom is the result of a lack of storage options and sometimes it’s simply flawed design choices.
Home equity is the amount your home is worth minus the amount you owe on your mortgage.
If you’re thinking of remodeling, you’re not alone. Whether you’’re motivated by a desire to enhance the home’s value for sale or a desire to enhance your quality of life for staying put, updated home features and functionality can be powerful. Remodeling ideally makes home maintenance easier, limiting the amount of future breakdowns and needed repairs. Remodeling, whether by a professional or DIY, can bring a renewed sense of pride to you too!
Following an annual maintenance routine helps you to avoid costly repairs and keep your home a happy, healthy, and safe place to be.
If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind. You’re thinking about your finances, today’s mortgage rates and home prices, the limited supply of homes for sale, and your current living arrangements. You’re likely juggling how all of those things will impact the choice you make.
You may have heard that pre-approval for a mortgage is important to do at the beginning of the homebuying process – but why is it so important? Especially in today’s market, with rising home prices and high buyer competition, having a pre-approval letter is crucial to making a successful offer.
