๐There's a BUZZ in the Real Estate market! ๐
Manage episode 336373488 series 3144250
๐There's a BUZZ that we are headed into a market... just like 2008 .... ALL over again.
๐Hi everyone, it's Kim Renshaw with Patterson Realty
WELL... let's take a look at what the EXPERTS ๐คsay.
๐กThe Home Price EXPECTATION Survey ๐it's made up of 105 REAL ESTATE EXPERTS, economists and market analysts.
104 of them as well as the Chief Economist at the Mortgage Bankers Association, FANNIE Mae, FREDDIE Mac and the National Association of Realtors ALL, say we're going to see an INCREASE ๐in home๐ prices ๐ฐthroughout 2019.
Check out the GRAPH showing their PROJECTIONS! ๐น
Notice all of them are GREEN, green is GOOD! โ
They see a POSITIVE increase in housing prices. ๐
๐ฉRemember when the market crashed in 2008?
There was only ONE person who PREDICTED it was going to happen BEFORE it actually did... Robert Shiller.
๐ He's a NOBEL Prize Winner๐ and CO-founder of the Case Shriller Index. He states "You can call it a BUBBLE, but it's not the SAME. It's more PLACID... and I don't EXPECT to see a sharp turn in the housing market at this point."
๐คSo what does this MEAN... and how does THAT affect YOU? ๐
For BUYERS who are WAITING for the market to CRASH ๐ฅyou might want to RE-evaluate... listen to what the TRUE experts are saying.
โฌ๏ธTHEY'RE expecting INCREASES through 2020,
with an aveRAGE of 5.4% POSITIVE increase to a 2.9% increase through 2022.
๐จHERE'S what you SHOULD be CONCERNED with๐จBOTH buyers and sellers.
๐บ๐บFreddie Mac is predicting INTEREST rates will increase up to 5.3% by the END of the FOURTH quarter. ๐บ๐บ
SELLERS... as interest rates INCREASE... the number of buyers who can QUALIFY for your home... DECREASES. ๐ป๐ป
BUYERS... as interest rates INCREASE... your buying power goes DOWN... and you afford LESS house. ๐ ๐ฉ
This just means the TIME to act...... it's NOW. ๐ช
So quit listening to what "THEY" say and listen to what the TRUE EXPERTS are saying.
๐ฑFeel free to reach out to me for ANY information.
๐BOTH real estate and COMMUNITY-related, we are here to HELP. ๐
And remember, BUYING & SELLING a home... it's the LARGEST FINANCIAL decision you'll make in your LIFETIME. WHO you hire... really does MATTER... do so wisely.
๐Kim Renshaw with Patterson Realty
โ๏ธHave a great day! โ๏ธ
Kim Renshaw | Realtor
๐ 805-440-9134
๐ง KimRenshawHomes@gmail.com
๐ฅ KimRenshaw.com
Patterson Realty
Lic#1460194
4 ์ํผ์๋