Holding off on selling your house because you believe there aren’t any buyers out there?
If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices? And it’s no surprise you don’t have the clarity you need on that topic. Part of the issue is how headlines are talking about prices.
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Owning a home means having a place that’s solely your own and provides the space, features, and location you and your loved ones need. But what happens when your needs change? If this hits home for you, it may be time to make a move.
There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences.
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2020 is a wild ride. We could only guess how the market would react, so as we near the end of the year, with the pandemic going strong, we can reflect on the progress we've made so far, and look at the trends that will continue into 2021.
We see, of first-time homebuyers in 2019, 32% depended on inner circle for loans or gifts, according to the 2019 Profile of Home Buyers and Sellers, an annual report from the National Association of Realtors.
Here is a breakdown of the biggest reasons the millennial demographic has been lagging in the home ownership front [...]
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