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We are NOT heading towards a housing crash!
Despite home values going up astronomically over the past couple years, here are a few reasons why we are NOT expecting a housing crash:
1️⃣ Higher📈 interest rates have made homeowners with 2 and 3% rates reluctant to sell - even if they really wanted to.
2️⃣ Because of this, the supply of homes is now HALF of what it was four years ago.
3️⃣ The unemployment rate is historically LOW. 📉
4️⃣ Banks have required more from buyers to obtain loans.
5️⃣ Foreclosure rates are the lowest in 20 YEARS. 📉
6️⃣ Millennials are now ready to become homeowners. 🏡
While many people are waiting for interest rates to drop before making a move, just imagine what a FRENZY that’ll create when it does happen! Now is the time to work with a trusted real estate agent to build a comprehensive plan to beat everyone to the punch to find that dream home.
Call me today, I’d love to be a part of the journey with you!
Chad Hedrick - Realtor®
Gold To Sold Group powered by eXp Realty
281.832.1033
chad@goldtosold.com
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