Brandon K. Dumas, Realtor

Why There Won’t Be a Recession That Tanks the Housing Market

There’s been a lot of recession talk over the past couple of years. And that may leave you worried we’re headed for a repeat of what we saw back in 2008. Here’s a look at the latest expert projections to show you why that isn’t going to happen.

According to Jacob Channel, Senior Economist at LendingTree, the economy’s pretty strong: “At least right now, the fundamentals of the economy, despite some hiccups, are doing pretty good. While things are far from perfect, the economy is probably doing better than people want to give it credit for.”

Most experts believe there won’t be a recession in the next 12 months. One reason why is the current unemployment rate. The unemployment rate today is still very low.

But will the unemployment rate go up? Economists don’t expect the unemployment rate to even come close to the long-term average over the next three years – much less the 8.3% we saw...

Why There Won’t Be a Recession That Tanks the Housing Market There’s been a lot of recession talk over the past couple of years.

Worried about saving 20% for a down payment? You might not need to. Plus, time is money, and taking the time to save that much could cost you more in the long run. That’s because while you’re saving, rising rents and home prices are working against you, and you’re missing out on building home equity.

The Truth About Down Payments

If you’re planning to buy your first home, saving up for all the costs involved can feel daunting, especially when it comes to the down payment. That might be because you’ve heard you need to save 20% of the home’s price to put down. Well, that isn’t necessarily the case.

Unless specified by your loan type or lender, it’s typically not required to put 20% down. That means you could be closer to your homebuying dream than you realize.

According to the National Association of Realtors (NAR), the median down payment hasn’t been over 20% since 2005. In fact, for all homebuyers today it’s only 15%. And it’s even lower for first-time homebuyers at just 8%.

The big takeaway? You may not need to save as much as you originally thought.

Learn About Resources That Can Help You Toward Your Goal

According to Down Payment Resource, there are also over 2,000 homebuyer assistance programs in...

The Truth About Down Payments If you’re planning to buy your first home, saving up for all the costs involved can feel daunting, especially when it comes to the down payment.

If you’re considering moving, here’s something you’ll want to know. Homes are selling faster than they normally do, largely because there aren’t enough for sale. And with a growing number of buyers searching for their next home, competition is up, resulting in quicker sales. Let's chat about how to get your home on the market and in front of these eager buyers.