Posts with tag 'selling'
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29
Expert Insights on the 2022 Housing Market
Buyers and sellers alike are wondering what's next for the housing market as we move forward in 2022. Will more homes come to market? Are the prices going to continue to on the upswing? Mortgage rates, will they increase? We refer to the experts to find out. Please take a look at what they predict will happen throughout 2022.
Danielle Hale, Chief Economist, realtor.com:
"Affordability will increasingly be a challenge as interest rates and prices rise, but remote work may expand search areas
22
Will Foreclosures Flood the 2022 Real Estate Market?
In the beginning of 2020, when forbearance plans were announced and the pandemic swept across the country, a great deal of homeowners were told to pause their mortgage payments. Analysts had concerns that the housing market would suffer an influx of foreclosures in the wake of the mortgage forbearance program ending, as it did 15 years ago after the housing bubble.
Continue on to see why this time is different.
1. Fewer Homeowners are in Trouble
More than nine million households lost their home(s) during the last housing crash through foreclosure or short sale. Some expected the same would happen in today's climate.
However, current data shows that most homeowners have either: restructured their home loan in order to begin making payments again (after the forbearance period), or they have once again become up to date on their payments. Mortgage Bankers Association (MBA) examined how many people exited the forbearance program between J...
15
Ensuring Safety When Selling Your Long Island Home: An Agents Role
Are you on the fence about selling your home this year? We have good news for you! Since the start of the pandemic, we, as real estate professionals, have worked tirelessly...
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