Gloria Holt, Coldwell Banker Realty

06/19/2025

Today we celebrate Juneteenth — a turning point in American history that marks the end of slavery and the ongoing pursuit of freedom and justice. It’s a moment to reflect, to learn and to move forward together.

01/23/2025

There’s one big mistake you need to avoid when you sell your house this year: setting your price too high.

11/12/2024

Steps to take, to get you ready to be competitive in the 2025 home buying process.

When mortgage rates drop, make sure you’re prepared. Here’s what to do to get ready to move when mortgage rates come down.

11/01/2024

Don't forget!!!!

10/17/2024

Did you know? Homeowners are often able to put more money down when they buy their next home.

10/16/2024

Important information.

For some buyers, there’s a misconception that newly built homes aren’t made to last or fall short of the quality you can find in older homes.

10/09/2024

This is good news!You may have heard chatter recently about the economy and talk about a possible recession. But here’s the good news – there’s no need to panic. The housing market is not set up for a crash right now.

1. Demand for Homes Is Higher than Supply

One of the biggest reasons the housing market crashed back in 2008 was an oversupply of homes. Today, though, it’s a very different story.

It’s a general rule of thumb that a market where supply and demand are balanced has a six-month supply of homes. A higher number means supply outpaces demand, and a lower number means demand outpaces supply.

2. Unemployment Is Still Low

When people are unemployed, they’re more likely to have trouble making their mortgage payments and may be forced to sell or face foreclosure. That was a big problem during the 2008 financial crisis. Today, the employment situation is much more stable.

Right now, people are working, earning an income, and making their mortgage payments. That’s one reason why the wave of foreclosures that happened in 2008 isn’t going to happen again this time.

Today’s Housing Market Is Stronger than in 2008

While it’s understandable to be concerned when you hear talk of a recession and economic uncertainty, but know this: the housing market is in a much better place than it was in 2008.

The housing market is doing a lot better than it was in 2008, but it’s important to remember that real estate is very local.

So, it’s always a good idea to stay informed about our specific market. If you have any questions or want to discuss how these factors are playing out in our area, feel free to reach out.

You may have heard chatter recently about the economy and talk about a possible recession.

09/17/2024

North North Jersey Chapter of The Links, Incorporated,
starting the year off with another great program!

09/17/2024

A must read!

Make the most of the real estate market this fall by understanding the current market conditions, historical trends and expert predictions.

09/17/2024

This is great news!

Mortgage rates have hit their lowest point in over a year and a half.

09/03/2024

If you’re thinking about downsizing, you may be hearing about 55+ communities and wondering if they’d be a good fit for you.

08/27/2024

Curious what the median home price looks like compared to this time last year? NAR’s Chief Economist Lawrence Yun joins Real Estate Today to talk home prices and the latest updates in the Metro Price Report.

Listen now wherever you get your podcasts. https://www.nar.realtor/real-estate-today?cid=sm_RET1022