A HOUSING RECESSION?... DON'T BELIEVE THE HYPE!
Windermere's Chief Economist, Matthew Gardner, has coined the phrase "Housing Reversion" to describe current and forecasted housing market conditions.
His data and perspective give us confidence that we should turn off the news and follow the timeless and invaluable advice of Mark Twain, who famously said, "don't wait to buy real estate, buy real estate and wait"! We couldn't agree more!
Current market constitutions are unlike 2007 and the great recession in virtually every way. Here are just a few highlights...
REAL EQUITY - the average homeowner today has significantly more equity in their homes
MORTGAGE QUALITY - lending practices have improved dramatically, and homeowners today are more financially secure by far
PERSISTENT DEMAND - Housing supply still trails demand and will continue to do so as younger generations pursue the American Dream
INTEREST RATES - are temporary and will likely come down significantly in the next year as they have done with every economic slowdown in history
SOLD PRICES - Even with the pullback, sold prices are still up over last year and virtually every major forecast has houses appreciating at least moderately over the next year and beyond
There is a Window of opportunity to win in real estate right now, Christina calls it the "Market Shimmy". You can sell your home for a great price while buying up or downsizing and saving the net proceeds to make other lifestyle dreams come true.
Your Home Team is here to help you win in Real Estate. Call, DM or email us anytime for the very best service and results!
Cheers!
Matt & Christina
Matt & Christina are Team Skally, top real estate agents in the Seattle Metro with expertise in luxury homes on the Eastside including Bellevue, Newcastle, Mercer Island, Renton and Issaquah. Their client testimonials say it all - they deliver exceptional service and record-breaking results. Recognized as top agents on social media by Property Sparks, Diamond Award finalists for best client service and regularly featured in online and print publications including Newcastle Life Magazine. In addition to serving clients, Matt and Christina love family time with their two boys and Leo, the Goldendoodle, as well as volunteering in the community.