Why You Can’t Compare Now to the ‘Unicorn’ Years of the Housing Market [INFOGRAPHIC]

Written by Santa Rosa Beach Mortgage Syndicated User on June 10, 2023. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Infographics, Mortgage Santa Rosa Beach, Pricing, Santa Rosa Beach Mortgage.

Some HighlightsComparing housing market metrics from one year to another can be challenging in a normal housing market – and the last few years have been anything but normal. In a way, they were ‘unicorn’ years.Expect unsettling housing market headlines this year, mostly due to unfair comparisons with the ‘unicorn’ years.Connect with a local real estate professional who can share the data that puts those headlines in the proper perspective.

Today’s Real Estate Market: The ‘Unicorns’ Have Galloped Off

Written by Santa Rosa Beach Mortgage Syndicated User on May 31, 2023. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Mortgage Santa Rosa Beach, Pricing, Santa Rosa Beach Mortgage.

Comparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compared. Comparing this year’s numbers to the two ‘unicorn’ years we just experienced is almost worthless. By ‘unicorn,’ this is the less common definition of the word:“Something that is greatly desired but difficult or impossible to find.” The pandemic profoundly changed real estate over the last few years....

Why Today’s Housing Market Is Not About To Crash

Written by Santa Rosa Beach Mortgage Syndicated User on May 10, 2023. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Mortgage Santa Rosa Beach, Santa Rosa Beach Mortgage.

There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up.But the data clearly shows today’s market is very different than it was before the housing crash in 2008. Rest assured, this isn’t a repeat of what happened back then. Here’s why.It’s Harder To Get a Loan NowIt was much easier to get a home loan during the lead-up to the 2008 housing crisis than it is today. Back then, banks had different lending...