Debunking Scary Myths About Buying a Home

There are a number of scary myths about homebuying in today’s market. Here’s what you need to know.

There are a number of scary myths about homebuying in today’s market. Here’s what you need to know.
There’s no denying mortgage rates are having a big impact on today’s housing market.
If you’re torn between renting or buying, don’t forget to factor in the wealth-building power of homeownership.
The 2024 Presidential election is just months away.
Let’s face it – life can throw some curveballs.
Experts agree there’s no chance of a large-scale foreclosure crisis like we saw back in 2008, and that’s good news for the housing market. As Mark Fleming, Chief Economist at First American, says: “. . . don’t expect a housing bust like the mid-2000s, as lending standards in this housing cycle have been much tighter…
Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point. The graph below helps tell the story of just how different things are today. This year,…