We listened to a Real Estate webinar recently – Brian Buffini’s Bold Predictions Mid-Year Update – which we found very interesting and thought we’d share some tidbits with you. Also on the webinar was the National Association of Realtors chief economist, Dr. Lawrence Yun.

One of the most asked questions we get from clients is regarding a potential Real Estate Bubble – “Is the market going to crash like it did in 2007-2008?”

The consensus from both Brian Buffini and Dr. Yun was no, there isn’t a Real Estate crash coming for several reasons which are listed below (keep in mind these are national stats).

• We have almost 4 times LESS inventory of houses for sale today vs 2007. 
• Buyers are putting larger down payments today (they have more equity in their home) vs 2007.
  • In 2007, 45% of 1st time buyers financed 100% of their home (Zero $ down) vs 17% of 1st time buyers today.
• Lending restrictions are tight – it’s much harder to qualify for a loan today than in 2007 leading to fewer foreclosures. 
• Fixed rate mortgages are very low – currently in the 3% range – vs adjustable rate mortgages in 2007.

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Both Brian Buffini and Dr. Yun believe that housing inventory will increase in the next 6 months or so, due to an increase in new home construction, people that have put off a move because of the COVID pandemic and now decide to sell and a small percentage of owners will need to sell because the foreclosure moratorium will expire.

Please give us a call if you'd like to discuss how this affects your real estate goals.

Looking to refresh your space? With interior design trends always changing, it can be overwhelming to pick the look and feel you want in your home – without it going out of style.
 
The information we're sharing with you this month will help give your place new life with timeless interior design trends. These trends are easy to incorporate and can totally transform any room in your house. You’ll find tips on how to expertly use lighting, decorative accents, greenery and more, plus, a method for rearranging furniture that takes the guesswork — and unnecessary heavy lifting — out of it. You’ll love seeing how these small changes can impact your home in a big way.
 
Did you know that agents also use these tips when staging a home for sale? Give us a call if you want to talk over any of them, or if you want to know which of these design tricks help homes sell the quickest. Whether you’re selling or staying put, we’ll get your home picture perfect!