Are any of these housing market myths holding you back?
Myth 1: Owners have low rates and will never sell.
Reality: While it’s true that many homeowners locked in low rates several years ago, life happens, and people will always need to sell their homes.
Families grow. Empty nesters downsize. People relocate, retire, etc. And many of them have homes to sell.
Myth 2: As rates rise, prices will plummet.
Reality: While we’ve all wished for interest rates to soften home prices, there’s another challenge driving up home prices — limited inventory. Although, many markets are seeing increased inventory in 2024.
Myth 3: The housing market will crash like in 2008.
Reality: The 2008 crash was fueled by faulty mortgages and buyers taking on more than they could afford. @loganmoto does a fantastic job taking on the #HousingBubbleBoys on this one.
Housing myths come and go, but real estate wins in the long run. If you’re ready to explore the market, I’m here to help. Schedule your strategy call today.
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