Why is a housing crash unlikely? The housing market these days is in a different situation than before, and here’s why a major crash is considered improbable. Lenders now have stricter requirements for mortgage approvals, which means only people who can really afford it are buying houses. Making a market crash less likely, unlike previous times.
There is currently a shortage of homes for sale in various regions. The low supply is keeping prices steady or even making them go up because many people want to buy.
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People owning homes today are careful with their money, avoiding big risks. This lowers the chance of many homes being sold in a rush, which can drop prices.
The big picture looks stable, but it’s different from place to place. Always check what’s happening in your local area for the real picture. Ready to buy or sell your home? Get expert advice and dedicated service, reach out for a consultation.
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One of the reasons to call the Agardi Team if you want to buy a home or have one to sell is:
Not only do we sell our clients’ homes for more money and faster than the average area agent, but your home is also more likely to sell. According to 2015 MLS statistics, only 71% of area homes sold during their listing term. Compare that to our 95% of homes listed that sold before the end of the listing term. YOUR HOME SOLD GUARANTEED OR WE’LL BUY IT*
To discuss the sale of your home, call The Agardi Team at 718-755-2882 and start packing!
*Agardi Team and the seller have to agree on the price and the closing date.
