A Tale of Two Housing Markets

For a long time, the housing market was all sunshine for sellers.

For a long time, the housing market was all sunshine for sellers.
With everything feeling more expensive these days, it’s natural to worry about how rising costs might impact the housing market.
Building equity in your house is one of the biggest financial advantages of homeownership.
The real estate market is on just about everyone’s mind these days. That’s because the unsustainable market of the past two years is behind us, and the difference is being felt. The question now is, just how financially strong are homeowners throughout the country? Mortgage debt grew beyond 10 trillion dollars over the past year,…
It’s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC, says: “The stunning jump in home values over the course of the Covid-19 pandemic has given U.S. homeowners record amounts of housing wealth.” That’s great for your…
Turning a dream into reality starts with one thing: a plan.
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…