Jinar Han-Bombard - Real Estate

Good to know info in today’s market!

A lot of buyers and sellers are holding back right now because they're worried we're headed for another 2008. But look at the numbers.

In 2008, homeowner equity and mortgage debt were nearly identical. That means, if someone hit a rough patch, they had almost nothing to fall back on. That's part of what made that crash so bad.

Today? Home equity is at $34.9 trillion. Debt is at $14.4 trillion. So, homeowners aren't stuck. They have equity built up in their homes – which means if they needed to sell, many could and they’d still come out ahead. They have a cushion.

This isn’t a crash. Today’s market still has a solid foundation.

And if worries about a crash have been keeping you on the sidelines, it might be worth having a conversation about what a move could look like for you right now.

Good to know info in today’s market!

You may be hearing more homeowners are pulling their houses off the market. Maybe you're even worried that means we’re headed for a crash...

Here's what you should know.

There are 4 main reasons more sellers are de-listing right now – and none of them are “the market is about to crash.”

This trend is really about sellers adjusting to a market that needs the right price and the right prep.

And when a homeowner misses the mark on price or prep, sometimes taking a house off the market is a good way to take a beat and reset their strategy.

It’s not a warning sign of broader trouble to come.

If you have questions about something you’re hearing online or what something means for the market as a whole, reach out.

Good to know info in today’s market!

If you spend enough time online, you'd probably think home prices are crashing or they’re about too.

But the data tells a different story.

According to Realtor.com, home prices are still rising in 71% of housing markets across the country.

That's the majority of markets.

Yes, some areas are seeing slight price declines. But they're the exception, not the rule.
That's why it's important to be careful about where you're getting your housing market information.

The internet loves dramatic headlines. The data usually tells a more complete story.

Want to know what's actually happening with home prices in our area? Send over a message.