Here’s Why the Housing Market Isn’t Going To Crash [INFOGRAPHIC]

Written by Condotel Financing Florida Syndicated User on March 18, 2023. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Florida Condotel, For Sellers, Foreclosures, Housing Market Updates, Infographics, Mortgage, Pricing.

Why Today’s Housing Market Isn’t Headed for a Crash

Written by Condotel Financing Florida Syndicated User on February 10, 2023. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Distressed Properties, Florida Condotel, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Mortgage.

67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But there’s good news. Current data shows today’s market is nothing like it was before the housing crash in 2008.

Why You Shouldn’t Fear Today’s Foreclosure Headlines

Written by Condotel Financing Florida Syndicated User on January 26, 2023. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Florida Condotel, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Mortgage.

If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s happening today. Here’s a deeper look.According to the Year-End 2022 U.S. Foreclosure Market Report from ATTOM, foreclosure filings...

Today’s Housing Market Is Nothing Like 15 Years Ago

Written by Condotel Financing Florida Syndicated User on January 12, 2023. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Florida Condotel, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Mortgage.

There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences.

Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market

Written by Condotel Financing Florida Syndicated User on December 1, 2022. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Distressed Properties, Florida Condotel, For Buyers, For Sellers, Foreclosures, Mortgage.

With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in truth, there are many key differences between what’s happening today and the bubble in the early 2000s. One of the reasons this isn’t like the last time is the number of foreclosures in the market is much lower now. Here’s a look at why there won’t be a wave of foreclosures flooding the market. Not as Many Homeowners Are in Trouble This Time After the last housing crash, over nine million households lost their homes due to...

Home Equity: A Source of Strength for Homeowners Today

Written by Condotel Financing Florida Syndicated User on November 15, 2022. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Florida Condotel, For Sellers, Foreclosures, Housing Market Updates, Mortgage.

Experts agree there’s no chance of a large-scale foreclosure crisis like we saw back in 2008, and that’s good news for the housing market. As Mark Fleming, Chief Economist at First American, says: “. . . don’t expect a housing bust like the mid-2000s, as lending standards in this housing cycle have been much tighter and homeowners have historically high levels of home equity, so there likely won’t be a surge in foreclosures.” Data from the Mortgage Bankers Association (MBA) helps tell this story. It shows the overall percentage of homeowners at risk is decreasing significantly with time (see...

3 Graphs Showing Why Today’s Housing Market Isn’t Like 2008

Written by Condotel Financing Florida Syndicated User on October 27, 2022. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Florida Condotel, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Mortgage, Pricing.

With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble. It’s only natural for those thoughts to creep in that make you think it could be a repeat of what took place in 2008. But the good news is, there’s concrete data to show why this is nothing like the last time. There’s Still a Shortage of Homes on the Market Today, Not a Surplus For historical context, there were too many homes for sale during the housing crisis (many of which were short sales and foreclosures), and that caused prices to fall dramatically. Supply...

Category: Foreclosures