What an Economic Slowdown Could Mean for the Housing Market

Talk about the economy is all over the news, and the odds of a recession are rising this year.

Talk about the economy is all over the news, and the odds of a recession are rising this year.
If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars which drove home prices up as buyers competed with one another to be the winning offer. But what was once your greatest challenge may now be your…
For a long time, the housing market was all sunshine for sellers.
When it feels like the cost of just about everything is rising, it’s only natural to wonder what that means for the housing market.
Affordability is based on three key factors: mortgage rates, home prices, and wages.
Some people believe there’s a group of homeowners who may be reluctant to sell their houses because they don’t want to lose the historically low mortgage rate they have on their current home. You may even have the same hesitation if you’re thinking about selling your house. Data shows 51% of homeowners have a mortgage…
Are you hesitant to sell your house because you’re worried no one’s buying with rates and prices where they are right now?