Why This Housing Market Is Not a Bubble Waiting to Pop!!

The major reason for the housing crash 15 years ago was a tsunami of foreclosures. With much stricter mortgage standards and a historic level of homeowner equity, the fear of massive foreclosures impacting today’s market is not realistic.Today, the demand for homeownership is real. It’s generated by a re-evaluation of the importance of home due to a worldwide pandemic. Additionally, lending standards are much stricter in the current lending environment. Purchasers can afford the mortgage they’re taking on, so there’s little concern about possible defaults.

Why Now is a Great Time to Sell Your Home

As we near the end of the year, more homeowners are realizing the benefits of today’s sellers’ market. Record-breaking home price appreciation, growing equity, low inventory, and competitive mortgage rates are motivating homeowners to make a move that addresses their changing lifestyles.Listing your home over the next few weeks gives you the best chance to be in front of buyers competing for homes this holiday season.

2021 Housing Market, Home Appreciation, Home Equity, Home Selling, Home Values, Phoenix Real Estate, Real Estate Forecast, Sellers, Sellers MarketLyn TrayteDecember 6, 2021Home Selling, Time to Move, Sellers Market, Sellers Agent, Phoenix Markte, Trusted AdvisorComment