Do rents go down during a recession?

DOES RENT GO DOWN DURING A RECESSION? WHAT RENTERS AND REAL ESTATE INVESTORS CAN EXPECT Just because there’s a recession doesn’t necessarily mean rent prices go down. In fact, during the 2008 recession, it was the exact opposite. In the current rental market, we have seen the rate of increase in rental prices come down, but this only translates to lower rent prices if you’re in select markets. If you’re a real estate investor, you probably know not to expect a perpetual rally in rent prices. This slowdown should have been anticipated. The pandemic has wreaked havoc on America’s rental … Continue reading...

Market

By Craig Wales on 12/29/2022 Tags: market update Looking ahead at the housing market in 2023 Rollercoasters are designed to take riders on an unpredictable journey with periods of exhilaration, intensity and fear. Kind of sounds like the housing market over the last twelve months, doesn’t it? 2022 was truly a roller coaster year in housing. Just to look at one metric that we’ve been following all year, the average 30-year fixed mortgage rate in January of 2022 was 3.60%--in December of 2022 that rate stood at 6.39%. That was just a few weeks after it average rate reached 7.20%, its … Continue reading...

Renters: 6 signs you’re ready to buy a home.

RENTERS: 6 SIGNS YOU’RE READY TO BUY A HOME Whether you’re looking for a yard for a pet or bigger closets for storage, buying a home could offer more flexibility than renting – and it can be a long-term investment. Are you ready to be a homeowner? 3 min read With the housing market balancing in many places, many people are finding that now is a great time to purchase a property of their own. Renters looking to buy are usually in the pursuit of more living space, creative freedom to decorate, and ownership of an asset that can appreciate in value over time. Renters, are you tired of … Continue reading...

Laons information for you

Ways to Offset Higher Mortgage Rates For a number of years, we've had the benefit of the lowest mortgage rates in history. But over the last year, things have changed. The reason? Inflation is at an all-time 40-year high and The Fed had to raise the Fed Funds rate several times to slow it down. Although the Fed does not directly impact mortgage rates, inflation is what negatively affects all rates. This has caused a good amount of stir in the housing industry where lenders, buyers, and sellers have had to pivot to alternative mortgage options to offset the rapid rise in rates. We are now … Continue reading...

3 trends in Real Estate that are good new!

As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too. Here are just a few trends that may benefit you when you go to buy a home today. 1. More Homes To Choose from During the pandemic, housing supply hit a record low at the same time buyer demand skyrocketed. This combination made it difficult to find a home because there just weren’t enough to meet buyer demand. According to Calculated Risk, the supply of homes for sale increased by 39.5% for the week ending October 28 compared to the same week last year. Even … Continue reading...

Why wait to buy a home!

What happens if you wait for a crash that never comes? Are you waiting for prices to drop significantly before you buy a house? That is a common mentality nowadays, especially with interest rates as high as they are. No one can say exactly what will happen in the future, but many are hoping that values will crash so they can swoop in and buy properties for low prices. Should you wait to buy a house? Is it worth the risk? This is a lot of information to take in, so if you have any questions or want to talk with us about your specific situation, don’t hesitate to reach out. We would … Continue reading...

Do you feel LUCKY? Buying a House in Denver CO – DON’T WAIT!

Do you feel LUCKY Buying a House in Denver CO - DON'T WAIT!

Are you thinking of buying a house in Denver CO but have wondered if you should wait to buy until the market drops? Read on to find out why now is the best time to buy! Buyers, you may remember the famous line in the Dirty Harry movie when Clint Eastwood has just had a shootout with bank robbers and is standing in front of the lone surviving thief who is considering going for his gun. Harry with his gun pointed at the bad guy says to him ""Did he fire six shots or only five? Well, to tell you the truth, in all this excitement, I kinda lost track myself. But being this is a 44 Magnum, the … Continue reading...

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