Investors Are Not Buying Up All the Homes
There’s a misconception Wall Street is buying all the homes on the market. But data proves that isn’t true.
Experts agree the share of homes bought by investors is declining – and most are smaller investors, like your neighbor who owns a second home, not Wall Street.
No matter what you’ve heard, the majority of homes are still being purchased by everyday homebuyers like you – not big investors. Let’s connect if you have questions.
After all the doom and gloom in the news this year, a lot of folks are probably thinking, “Are home prices going to take a nosedive?” Well, here’s the scoop: most experts are pretty optimistic that prices will stay in the green this year. If you’re itching to know what’s cooking with home prices in our neck of the woods, hit me up, and I’ll fill you in on the latest updates.
No matter what you’re hearing in the news, data from multiple sources shows home prices are not falling. So, if you’ve been hesitant to make a move because you were worried about a potential price crash, know that prices are back on the rise nationally. Have questions about what’s happening near us? Let’s chat.
Home prices rising. Mortgage rates dropping. Inventory projected to rise. Are you buying or selling this year? Let’s connect.
In a market like this, I may be able to get an offer below list accepted for you! Take a look at how much your monthly payment changes when you offer more or less than the offer price! If you’re looking to buy, I can discuss options with you!
#homebuying #expertanswers #stayinformed #staycurrent #powerfuldecision #confidentdecisions #realestate #realestatetips #realestatelife #realestateagent #realestateexpert #realestatetipsoftheday #realestatetipsandadvice #palmagent
#toiholliday #toihollidayrealtor #losangelesrealestate
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Today is NOTHING like the housing crisis!
Take a look at these stats that show that we’re in a much different position than 2008!
#homebuying #sellersmarket #getpreapproved #expertanswers #stayinformed #staycurrent #powerfuldecision #confidentdecisions #realestate #realestatetips #thinkingaboutselling #sellinghome #realestate #interestrates #buyrealestate #sellrealestate #realestatestats #closingcosts
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It’s important to choose the right loan when buying a home. Here are some of the most common loan types and more info on what the differences are! If you’re considering starting down the road to homeownership- let me know, I’d love to help!
#homebuying #expertanswers #stayinformed #staycurrent #powerfuldecision #confidentdecisions #realestate #realestatetips #realestatelife #realestateagent #realestateexpert #realestatetipsoftheday #realestatetipsandadvice #theandresjonesteam #houstontop20realtor #creatingwealth #millionairemindset #everyproblemhasasolution
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If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year.
The three measures used to establish home affordability are home prices, mortgage rates, and wages. Here’s a closer look at each one.
>>1. Mortgage Rates
Mortgage rates shot up to over 7% last year, causing many buyers to put their plans on hold. But things are looking different today as rates are starting to come down. Even a small change in rates can impact your purchasing power.
If 7% rates paused your homebuying plans last year, this could be the opportunity you need to get back in the game.
>>2. Home Prices
The second factor at play is home prices. Home prices have made headlines over the past few years because they skyrocketed during the pandemic. So, while prices will likely be flat this year in some markets, others could see small gains or slight declines. It all depends on your local area.
>>3. Wages
The final component in the affordability equation is wages. Because wages have been rising, many buyers have renewed opportunity in the market.
While affordability hurdles are not completely going away this year, based on current trends and projections, 2023 should bring some sense of relief to homebuyers who have faced growing challenges.
If you have questions, DM me to explore your options. You may be closer to owning a home than you think.
#expertanswers #purchasingpower #buyingpower #homepriceappreciation #affordability #realestate #homevalues #homeownership #homebuying #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexperts #instarealestate #instarealtor #realestatetipsoftheday #realestatetipsandadvice #keepingcurrentmatters (at Destin, Florida)
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Some buyers may be hesitant to enter the market because of these high rates- but if we take a closer look at the numbers you can see that buying last year in a crazy “eBay bidding” style market is a lot more comparable to buying now with higher rates and less competition than you may think!
Call/Text me today to discuss your situation and a strategy to ensure you accomplish your home buying goals.
#homebuying #expertanswers #stayinformed #staycurrent #powerfuldecision #confidentdecisions #realestate #realestatetips #realestatelife #realestateagent #realestateexpert #realestatetipsoftheday #realestatetipsandadvice #makeamovemike #theveteransrealtor #sandiego #usnavy #veteran (at San Diego, California)
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Some buyers may be hesitant to enter the market because of these high rates- but if we take a closer look at the numbers you can see that buying last year in a crazy “eBay bidding” style market is a lot more comparable to buying now with higher rates and less competition than you may think!
Call/Text me today to discuss your situation and a strategy to ensure you accomplish your home buying goals.
#homebuying #expertanswers #stayinformed #staycurrent #powerfuldecision #confidentdecisions #realestate #realestatetips #realestatelife #realestateagent #realestateexpert #realestatetipsoftheday #realestatetipsandadvice #makeamovemike #theveteransrealtor #sandiego #usnavy #veteran (at San Diego, California)
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After 2 years of insane appreciation, some may think that the current pullback means that houses are depreciating.
Now, if we look at what the experts are predicting you can see that home prices are still expected to go up, just no longer at a record breaking pace.
#homebuying #expertanswers #stayinformed #staycurrent #powerfuldecision #confidentdecisions #realestate #realestatetips #realestatelife #realestateagent #realestateexpert #realestatetipsoftheday #realestatetipsandadvice #makeamovemike #theveteransrealtor #sandiego #chulavista #usnavy #veteran #callmeisellhomes (at San Diego, California)
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Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one. But this rise in borrowing cost shows no signs of letting up soon.
Economic uncertainty and the volatility of the financial markets are causing mortgage rates to rise. So, is now the right time to buy a home? Anyone thinking about buying a home today should ask themselves two questions:
>>1. Where Do I Think Home Prices Are Heading?
There are two places to turn to answer this question. First is the consensus of what experts are saying. If you look at what experts are projecting for home prices in 2023, they’re forecasting home price appreciation around 2%. While it’s true some are calling for depreciation, most are calling for appreciation in home values over the next year.
The second spot to turn to for information is the Home Price Expectation Survey from Pulsenomics – a survey of a national panel of over one hundred economists, real estate experts, and investment and market strategists. According to the latest release, the experts surveyed are also calling for home price appreciation for the next several years.
>>2. Where Do I Think Interest Rates Are Heading?
The instability in the world and higher inflation are driving this volatile market, resulting in higher borrowing rates for those looking to buy homes. Plus, the alternative is to rent, but rents are also increasing. That may mean buying a home makes more sense than renting.
#expertanswers #purchasingpower #buyingpower #homepriceappreciation #affordability #realestate #homevalues #homeownership #homebuying #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexperts #instarealestate #instarealtor #realestatetipsoftheday #realestatetipsandadvice #keepingcurrentmatters (at Destin, Florida)
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Every second counts in the housing market when there’s so much demand for a relatively low supply of homes.
DM me to learn more about how getting pre-approved before starting your home search will make you agile enough to snatch up your dream home before anyone else can.
#homebuying #getpreapproved #expertanswers #stayinformed #staycurrent #powerfuldecision #confidentdecisions #realestate #realestatetips #realestatelife #realestateagent #realestateexpert #realestatetipsoftheday #realestatetipsandadvice #makeamovemike #theveteransrealtor #sandiego #veteran #chulavista #poway (at San Diego, California)
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Wondering where home values are going?
Cool your jets because they are still on course to blast past expert appreciation averages, even if the rocket has slowed.
Take a look at how even the most pessimistic experts are projecting home values to appreciate!
If you’re looking to buy or sell a home - Let’s chat!
#homebuying #sellersmarket #expertanswers #stayinformed #staycurrent #powerfuldecision #confidentdecisions #realestate #realestatetips #thinkingaboutselling #sellinghome #realestate #interestrates #buyrealestate #sellrealestate #realestatestats #closingcosts #makeamovemike #theveteransrealtor #sandiego #chulavista #allisonjamesestatesandhomes (at LA Fitness)
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One of the biggest questions people are asking right now is: what’s happening with home prices? There are headlines about ongoing price appreciation, but at the same time, some sellers are reducing the price of their homes. That can feel confusing and makes it more difficult to get a clear picture.
Part of the challenge is that it can be hard to understand what experts are saying when the words they use sound similar. Let’s break down the differences among those terms to help clarify what’s actually happening today.
• Appreciation is when home prices increase.
• Depreciation is when home prices decrease.
• Deceleration is when home prices continue to appreciate, but at a slower or more moderate pace.
Experts agree that, nationally, what we’re seeing today is deceleration. That means home prices are appreciating, just not at the record-breaking pace they have over the past year. In 2021, data from CoreLogic tells us home prices appreciated by an average of 15% nationwide. And earlier this year, that appreciation was upward of 20%. This year, experts forecast home prices will appreciate at a decelerated pace of around 10 to 11%, on average.
The big takeaway is home prices haven’t fallen or depreciated nationwide, they’re just decelerating or moderating. While some unique and overheated markets may see declines, nationally, home prices are forecast to appreciate. And when we look at the country as a whole, none of the experts project home prices will net depreciate or fall. They’re all projecting ongoing appreciation.
If you have questions about what’s happening with home prices today, DM me and let’s connect
#expertanswers #purchasingpower #buyingpower #homepriceappreciation #affordability #realestate #homevalues #homeownership #homebuying #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexperts #instarealestate #instarealtor #realestatetipsoftheday #realestatetipsandadvice #keepingcurrentmatters (at Destin, Florida)
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Do you need a roof for your wuff..?
Every second counts in the housing market when there’s so much demand for a relatively low supply of homes. DM me to learn more about how getting pre-approved before starting your home search will make you agile enough to snatch up your dream home before anyone else can.
#homebuying #getpreapproved #expertanswers #stayinformed #staycurrent #powerfuldecision #confidentdecisions #realestate #realestatetips #realestatelife #realestateagent #realestateexpert #realestatetipsoftheday #realestatetipsandadvice #palmagent
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Every second counts in the housing market when there’s so much demand for a relatively low supply of homes.
DM me to learn more about how getting pre-approved before starting your home search will make you agile enough to snatch up your dream home before anyone else can.
#homebuying #getpreapproved #expertanswers #stayinformed #staycurrent #powerfuldecision #confidentdecisions #realestate #realestatetips #realestatelife #realestateagent #realestateexpert #realestatetipsoftheday #realestatetipsandadvice #makeamovemike #theveteransrealtor #sandiego #usnavy #veteran (at Mountain Hawk Park)
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While growing, the months’ supply of homes available for sale today is still firmly in sellers’ market territory. That means you should still be ready for a competitive market, just one that’s not as frenzied as the past two years. DM me so you have an expert guide to help you navigate today’s shifting market as you buy or sell a home.
Are you considering selling your Southwest Florida home? Call us today to learn your home’s value - 239.370.0892.
Matt Klinowski aka Naples Golf Guy | Downing Frye Realty
Here’s to living the good life, Matt
The housing market is not in a correction. Forbes defines a correction as a 10-20% decline in value. Home prices are still appreciating, and experts project that will continue, just at a more moderate pace
In other words, home prices won’t fall, so there isn’t a correction. Have questions about the housing market? DM me
-The Mike Berrios Team @_integrityhomefinance
#notabubble #housingmarket #expertanswers #stayinformed #staycurrent #powerfuldecisions #confidentdecisions #realestate #realestateexperts #instarealestate #instarealtor #realestatetipsoftheday #realestatetipsandadvice #realestate #realestatenews #integrityhomefinance #mikeberriosteam #jorgemerlos #mortgage #mortgagelender #loanofficers #loanofficer. (at Rancho Cucamonga, California)
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