Is the real estate market crashing
Wanna know if we’re in a housing market correction right now? The answer is no.
And I can tell you why.
Take a look at this. While the market is undergoing a shift,
it certainly is not going through a correction.
That’s because there’s a significant difference
between a correction and what we’re seeing today.
Forbes defines a correction as a decline of ten to twenty percent in the value of a market index or the price of an asset. But home prices aren’t falling, they're just beginning to rise at a slower pace. Experts are still projecting over eight percent home price appreciation this year. For more on that be sure and watch this video here…
While over 8 percent home price appreciation isn’t the same as the record-breaking rate we saw last year, it’s certainly not a decline of ten percent or more. So don’t let the headlines fool you. If you found value in this video do me a favor and hit the like button and feel free to drop a comment below
If you’ve got questions about the housing market or where we’re headed for the rest of the year, feel free to reach out. If you would like to talk about buying or selling real estate anywhere in North east Florida I’m happy to help you personally. If you are anywhere else in the country I’m more than happy to connect you to a great real estate agent in your area that can best help you there. My name is Mike Jones Jacksonvilles Voice of Real estate…thank you for watching
Mike Jones Jacksonville Real Estate Agent
904 874-0422
MikeAndCIndyJones.com
Berkshire Hathaway HomeServices
Florida Network Realty
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