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The market has shifted, and that is a good thing. Demand and sales are headed back to pre-pandemic levels, which were some of the strongest in recent history. But, the shift has caused a great deal of confusion and uncertainty. The main questions buyers and sellers are asking right now are: Hearing talk about a potential recession? Wondering what that means for the housing market? Know that an economic slowdown does not equal a housing crisis. In 4 of the last 6 U.S. recessions, home prices actually increased.  Rising mortgage rates are no doubt one of the biggest factors impacting the housing market right now. But it is important to remember that the low rates of the last few years were an anomaly. As inflation rises and mortgage rates climb, many may see their purchasing power shrink and their dream of homeownership fade. However, it is important to remember one big piece of economic wisdom: there is no better hedge against inflation than homeownership. A home is a tangible asset that typically holds or grows in value. In most decades, home prices have outperformed inflation. If you are thinking about buying a home today, know that history shows homeownership is a good hedge against inflation.  Historically, each time the economy slowed down, mortgage rates decreased. And while history does not always repeat itself, we can learn from it. While an economic slowdown needs to happen to help taper inflation, it has not always been a bad thing for the housing market. Typically, it has meant that the cost to finance a home has gone down, and that is a good thing.  Yes, we are seeing a slowdown. However, we are really just heading back toward the market pace we saw pre-pandemic, and those were still great years for real estate. Focus on the big picture, and that is this: the housing market is still very strong, and previous projections are already outperforming what industry experts forecasted earlier this year. If you buy now, you will best those future increases. And once you do own the home, any price appreciation that occurs will grow your homes value and your net worth.  Even though purchasing a home today may not be as easy as it was a couple of years ago, the latest data shows that inventory levels are rising, which means more moderate price appreciation and more options for buyers. Experts say home prices will continue to appreciate in the coming years. If you buy now, you will best those future increases. And once you do own the home, any price appreciation that occurs will grow your homes value and your net worth.  Check out my newest listing in Greenwood! Click on the photo to learn more.  
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It is a common misconception that a real estate agent primarily learns of someone looking to buy or sell a home when someone simply calls an agency looking for an agent to help them. Although this can happen, it is very rare. In fact, over 80% of the referrals I receive come from past clients and past coworkers just like you. The other 15-20% of referrals comes from our national network of relocation companies and other Coldwell Banker agencies across the country. The greatest compliment I can receive is when someone like you refers me to a friend, coworker or family member of theirs. If you, or someone you know, are looking to either buy or sell a home then I would certainly appreciate the opportunity to earn your business. Do you know of someone looking to buy or sell a home?  Click the vCard below to download my contact information to load on your phone and to share with anyone you know that would benefit from my help in buying or selling a home. 
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 12401 Old Meridian Street Carmel, In 46032 Email brad@btgough.com Mobile (317) 590-3571 Office (317) 844-1131 Website www.btgough.com |