Facts vs Fiction in the Real Estate Market

July 29, 2022

There has been a lot of buzz in the news about the real estate market, but as with most things the media might not be giving you the full picture. The real estate market is shifting and sometimes it can be hard to determine what is real and what is not. This is where I can help as your trusted real estate professional! I can help you decipher the headlines so you can understand what the market means for you. 


Here are three of the myths you might be hearing along with some of what experts are saying about it. 


Prices of Homes  are Going to Drop:
So many people have heard and think that the housing market is going to crash. The headlines in the news are pushing people to believe that this is the case. They are using lines like: “Depreciation or decrease in home values” or “Deceleration, an  increase home prices but at a slower pace”. 

Here are the facts that the experts are actually prediticing. They are saying home prices will actually not decrease but rather the appreciation will continue to rise. The only change they are calling for that is different from now is that the appreciation will happen at a slower rate. 


Housing Market is in a Correction:
Well first let’s determine what they mean by a correction. According to Forbes: 

“A correction is a sustained decline in the value of a market index or the price of an individual asset. A correction is generally agreed to be a 10% to 20% drop in value from a recent peak.” 

So the facts behind this myth are similar to the ones in myth one above. The fact that the house appreciation is still predicted to rise and not fall just at a slower pace rules out that the housing market is in or going into a correction because at the end of the day prices are not falling.


It is Going to Crash
This is the biggest or should I say the one the news and media outlets are fueling the most right now. Several media outlets are pushing the narrative that the housing market is a bubble that is about to burst. However experts still say, as they have all along, that this is nothing like 2008. The main reason for the experts to feel so strongly about this is that the lending standards are so much different now than they were then. They have become much more strict and methodical about lending which leads the experts to say they feel certain that this is not a housing bubble. If you can qualify to buy a home in the last few years then you are MUCH more qualified on paper than you were in years leading up to the crash of 2008. 


Here is the bottom line friends, this market like any industry does eb and flow. It has ups and downs but right now buying and selling homes are a safe way to invest your money and smart choices to make. Don’t take the media’s hype at face value. Contact me, your real estate professional to help guide you through all your questions about the market and let me get started working for you! I want to be YOUR realtor!

 

 

Alicia Edwards - Realtor

I want to be your realtor! Let me help you find your next home or sell your current one. Call me and let me get started working for you today (678) 622-0302. I look forward to talking to you soon. Your Home, Your Future, My Commitment!

Looking to Buy or Sell, Contact Me!

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