Economic slowdown. That sounds like such a heavy term. It’s easy to get caught up in the hype of what talking heads on the various media outlets are telling us. So, as a result, we tend to lean-in to fear and grow cold on the vision we have for our lives.
But, as Real Estate experts, we’d rather lean into the FACTS of the matter to help you stay unstuck and moving forward.
So, how will the economic slowdown affect the housing market? Let’s first talk about the elephant in the room…A housing bubble, a crash, or a free-fall is nowhere on the horizon! That’s because Millennials, the second largest generation after baby boomers, are at peak home-buying age and are out in force – determined to find a place to call home. Last year, Millennials made up 81% of first-time home buyers, and 43% of home buyers in all categories. They alone are keeping demand extremely high. Coupled with a persistent lack of homes for sale, and elevated mortgage rates – home prices are on a course to stabilize, but continue with moderate appreciation moving forward.
Now that that’s out of the way, here’s the most important question…What does the economic slowdown mean for YOU? At Agent06, we celebrate the fact that your journey is unique. If you’re ready to move, but feeling a little stuck, GIVE US A CALL! Our entire team is ready to rally behind you to help carve out a path that is perfect just for YOU!