To My Clients

gmgrealtor Click on the link in my bio to continue reading. 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... #expertanswers #purchasingpower #buyingpower

gmgrealtor Click on the link in my bio to continue reading. Buying a home has significant financial benefits over renting, especially during periods of high inflation. Your home typically increases in value over time through home price appreciation, and you can lock in your monthly payment with your home loan. That’s not the case when you rent. DM me, and let’s discuss the benefits of buying a home today. #inflation #homebuying #firsttimehomebuyer #opportunity

gmgrealtor Click on the link in my bio to continue reading. Are you worried home prices will fall? Experts say that’s not likely. Here's why. Even though housing supply is increasing, it’s still low overall. In fact, experts forecast that nationally, home prices will keep appreciating this year. If you want to know what’s happening with home prices in our area and what they mean for you, DM me. #expertanswers #housingmarketupdates #confidentdecisions

gmgrealtor Click on the link in my bio to continue reading. 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... #realestate #homeownership #homebuying #realestategoals

gmgrealtor Click on the link in my bio to continue reading. 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. #opportunity #sellyourhouse #moveuphome #dreamhome

gmgrealtor Click on the link in my bio to continue reading. 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. #expertanswers #stayinformed #staycurrent

gmgrealtor Click on the link in my bio to continue reading. The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. If you’re thinking about buying a home this year, here are just a few reasons why so many people see the value of homeownership. There are several benefits to owning your home. A significant one, especially when inflation is high like it is today, is that homeownership can help protect you from rising costs. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains, “Renters actually have a harder time in inflationary periods, because rents tend to rise along with inflation, whereas mortgage payments stay the same for homeowners with fixed-rate mortgages.” When you buy a home with a fixed-rate mortgage, you can lock in what's likely your biggest monthly expense – your housing payment – for... #realestate #homeownership #homebuying #realestategoals

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gmgrealtor Click on the link in my bio to continue reading. 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. #notahousingcrisis #realestate #homeownership #homebuying