Sell My House in MD | 3 Reasons This is NOT the 2008 Real Estate Market

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Real Estate Broker/Owner with Maxus Realty Group - Broker 301-246-0001 Broker - Realtor - CEO

Most real estate brokers and agents don’t really have all the tools needed to provide 100% selling services to sellers that need to sell their houses quick, for cash and at a fair price.


This is why we have integrated fully with all the data on the MLS and became a real estate source to thousands of investors in the MD, DC & VA region.


In order for most consumers to take advantage of the competition between these investors, we’ve created the perfect system. If you are in the market to sell you home and you are in need for a fair offer right away… you’ve come to the right place.


We can provide customised innovation towards all your real estate needs if you are a home seller.
Today, I would like to talk to you about 3 Reasons This is NOT the 2008 Real Estate Market

 

Today’s real estate market is nothing like the 2008 market. When an economic slowdown happens, it won’t resemble the last one.


No one knows for sure when the next recession will occur. What is known, however, is that the upcoming economic slowdown will not be caused by a housing market crash, as was the case in 2008. There are those who disagree and are comparing today’s real estate market to the market in 2005-2006, which preceded the crash. In many ways, however, the market is very different now. Here are three suppositions being put forward by some, and why they don’t hold up.

 

SUPPOSITION #1
A critical warning sign last time was the surging gap between the growth in home prices and household income. Today, home values have also outpaced wage gains. As in 2006, a lack of affordability will kill the market.

 

Counterpoint
The “gap” between wages and home price growth has existed since 2012. If that is a sign of a recession, why didn’t we have one sometime in the last seven years? Also, a buyer’s purchasing power is MUCH GREATER today than it was thirteen years ago. The equation to determine affordability has three elements: home prices, wages, AND MORTGAGE INTEREST RATES. Today, the mortgage rate is about 3.5% versus 6.41% in 2006.

 

SUPPOSITION #2

 

 

 

READ MORE:  https://www.reallynicehomes.com/sell-my-house-in-md-3-reasons-this-is-not-the-2008-real-estate-market/


???Thinking of selling your home? Let Fernando take over the marketing of your property with our unique 99 STEPS system 
www.99SOLD.com - Call or text 240-426-5754 for more information.

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301-246-0001 Serving Maryland, DC and Northern VA
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