Is the Housing Market Going to Crash Again?
Rachel Fredrickson
Is the Housing Market Going to Crash Again?
There is a lot of talk about another Real Estate Market 'Crash'... There is a lot of wonder about should I buy now or wait a bit so I can buy low when the market 'crashes' again.... There is a lot of people asking what they should do.....
As I contemplate my answers in front of my 'Crystal Ball'... haha! I wish I had that Crystal Ball!!!! I don't... But I do have data... from then and from now... and data is a GREAT alternative to that 'Crystal Ball'!
The data shows that the market in 2006 and the market of today are two different markets... the economy... the mortgage criteria... the # of homes for sale... people's motivation to buy... etc... all of these factors indicate that we will NOT see another 'crash'~ Sooo, what will happen in the future real estate market then??? Well, as prices continue to rise, people will be able to buy less and less as they won't qualify for the higher priced homes. This will cause the number of homes to increase again, creating more of an equilibrium between buyers and sellers again. Read the full article from RISMedia Below.
I would love to help you determine how much equity you have in your home. If you are thinking about selling, give me a call~ We can formulate a game plan that is best for you~ AND if you are thinking, 'But, the holidays are here... I don't want to list during the holidays...' THAT'S OK!!! Have me out today (1-2 hours) to develop the plan and then take the month of December to enjoy the Holidays and then as you take all of your Christmas Decoration/Holiday Decorations down you can get the house ready to go on the market in 2018.
