Home Buying, Home Selling, Mortgages, Real Estate Investing.
What Will the Housing Market Look Like in the Next Recession?
According to real estate news company Zillow.com, several homeowners are recovering from the painful housing market crash – of 2012 and 2013.
For 2017, this is what we call a “Sellers’ Market.” Translation, there is an increase in buyers inquiring for homes and continuously outbidding by other patrons, this creates a bidding war.
Sellers raise the price of their homes because the potential buyer refuses to pay more for their home. Financial Institutions and lenders have created numerous alternatives for a buyer to qualify for a home; they are willing to assist with desirable down payment.
The decrease in down payments will proceed to create more prospects looking for homes; there is a problem. There is a decrease of homes on the market for sale.
Millennial Moms are positioned in a favorable market as they become homebuyers. Take the proper steps to prepare yourself. Now, is the perfect opportunity begin a career in real-estate or buy a home.