Sarah Mohammed - Realtor

08/21/2022

What Would a Recession Mean for the Housing Market?

And as more recession talk fills the air, one concern many people have is: should I delay my homeownership plans if there’s a recession? Here’s a look at historical data to show what happened in real estate during previous recessions to help prove why you shouldn’t be afraid of what a recession would mean for the housing market today.

To show that home prices don’t fall every time there’s a recession, it helps to turn to the historical data. Looking at the recessions going all the way back to 1980, home prices appreciated in four of the last six recessions. So, historically, when the economy slows down, it doesn’t mean home values will fall.

Research also helps paint the picture of how a recession could impact the cost of financing a home. Historically, each time the economy slowed down, mortgage rates decreased. Fortune explains that...

According to a recent survey from the Wall Street Journal, the percentage of economists who believe we’ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there’d be a recession by now. But this July, when polled, 49% believe ...

08/20/2022

Why a Home Inspection Is Important [INFOGRAPHIC]

If you’re buying a home, here’s what you should know about your home inspection and why it’s so important. A home inspection is a crucial step in the homebuying process. It assesses the condition of the home you plan to purchase so you can avoid costly surprises down the road. DM me so you have an expert on your side who can guide you through the process.

Some Highlights If you’re buying a home, here’s what you should know about your home inspection and why it’s so important. A home inspection is a crucial step in the homebuying process. It assesses the condition of the home you plan to purchase so you can avoid costly surprises down the road. ...

08/19/2022

As the housing market shifts away from the peak frenzy it saw during the pandemic, the supply of homes for sale is increasing. As a buyer, that gives you more options for your search. And that means it shouldn’t feel as impossible to find a home today as it has over the past two years. If you’re ready to buy your dream home, DM me today.

08/18/2022

Planning To Retire? Your Equity Can Help You Reach Your Goal.

Whether you’ve just retired or you’re thinking about retirement, you may be considering your options and trying to picture a whole new stage of your life. And you’re not alone. Research from the Retirement Industry Trust Association (RITA) shows 10,000 Baby Boomers reach the typical retirement age (65) every day, and only 47% of the people in that generation have already retired.

If this sounds like you, one thing worth considering is whether or not your current home will suit your new lifestyle. If you already own a home, you’ve likely built-up significant equity, and that can help you fuel your next move.

In fact, over the last twelve months, CoreLogic reports the average homeowner in the United States gained roughly $64,000 in equity due to home price appreciation.
You can use your equity to help you achieve your homeownership goals...

Whether you’ve just retired or you’re thinking about retirement, you may be considering your options and trying to picture a whole new stage of your life. And you’re not alone. Research from the Retirement Industry Trust Association (RITA) shows 10,000 Baby Boomers reach the typical retirement...

08/17/2022

Experts Increase 2022 Home Price Projections

If you’re wondering if home prices are going to come down due to the cooldown in the housing market or a potential recession, here’s what you need to know. Not only are experts forecasting home prices will continue to appreciate nationwide this year, but most of them also actually increased their projections for home price appreciation from their original 2022 forecasts

But why are experts so confident the housing market will see ongoing appreciation? It’s because of supply and demand in most markets. As Bankrate says:

“After all, supplies of homes for sale remain near record lows. And while a jump in mortgage rates has dampened demand somewhat, demand still outpaces supply, thanks to a combination of little new construction and strong household formation by large numbers of millennials.”

Knowing that experts forecast home prices will continue to appreciate...

If you’re wondering if home prices are going to come down due to the cooldown in the housing market or a potential recession, here’s what you need to know. Not only are experts forecasting home prices will continue to appreciate nationwide this year, but most of them also actually increased thei...

08/16/2022

Thinking of selling your house? If so, the supply of homes for sale is growing, and that means you’ll have more options to choose from for your move. At the same time, it’s still a sellers’ market because overall inventory is still low. If you want to get the best of both worlds and sell while your house will still stand out, DM me today.

08/15/2022

Are you wondering what a recession could do to home values? Historical data proves an economic slowdown doesn’t mean prices will fall. In 4 of the last 6 recessions, home prices actually appreciated. This goes to show 2008 wasn’t the norm. DM me, and let’s discuss why history shows an economic slowdown doesn’t equal a housing crisis.

08/14/2022

Is the Shifting Market a Challenge or an Opportunity for Homebuyers?

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 greatest opportunity. Today, data shows buyer demand is moderating in the wake of higher mortgage rates. Here are a few reasons why this shift in the housing market is good news for your homebuying plans.

>>The Challenge

There were many reasons for the limited number of homes on the market during the pandemic, including a history of underbuilding new homes since the market crash in 2008.

>>The Opportunity

Moderating demand is slowing the pace of home sales and that’s one of the reasons housing supply is finally able to grow. For you, that...

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.

08/13/2022

Why Experts Say the Housing Market Won’t Crash [INFOGRAPHIC]

Many people remember the housing crash in 2008, but experts say today’s market is fundamentally different in many ways. First, there isn’t an oversupply of homes for sale today. Plus, lending standards are much tighter, and homeowners have record levels of equity. That means signs say there won’t be a wave of foreclosures like the last time. If you have questions about the housing market, DM me.

Some Highlights Many people remember the housing crash in 2008, but experts say today’s market is fundamentally different in many ways. First, there isn’t an oversupply of homes for sale today. Plus, lending standards are much tighter, and homeowners have record levels of equity. That means sign...

08/12/2022

3 Tips for Selling Your House Right Now

Pricing your house based on current market conditions means it's more likely to sell quickly. Let's connect so you can have the best advice when you sell today.

08/11/2022

What Does the Rest of the Year Hold for Home Prices?

Whether you’re a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year?

>>Last Year’s Rapid Home Price Growth Wasn’t the Norm

In 2021, home prices appreciated quickly. There were more people looking to make a purchase than there were homes available for sale. That led to competitive bidding wars which drove prices up.

That appreciation was greater than the pre-pandemic norm which was typically around 3.8%. This goes to show, 2021 was an anomaly in the housing market spurred by more buyers than homes for sale.

>>Home Price Appreciation Moderates Today

This year, home price appreciation is slowing from the feverish pace the market saw over the past two years. According to the latest forecasts, experts say on average, nationwide, prices will still appreciate by roughly 10% in 2022.

Even though...

Whether you’re a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year? Let’s break down what’s happening with home prices, where experts say they’re headed, and why this matters for your homeownership goals.

08/10/2022

Even though inventory is increasing this year, supply is still low. That’s because there weren’t enough homes being built over the last 14 years to meet the average level of units completed since 1970. DM me so you have an expert on your side to explain what’s happening in the housing market today.