Real Estate Survival Guide with Terry Story
Business:Investing
Steve starts the show by asking Terry to shed light on a prediction he saw that said we’re in a seller’s market in housing right now and that the next buyer’s market is two to three years away. Terry attributes that prediction to an economist at the real estate website Zillow and explains it as an inference that rising interest rates over the next few years could restrict the number of buyers and force home prices down. She also sees this as part of the cyclical nature of the housing market, where the trend gradually turns from a seller’s market to a buyer’s market, with a tipping point that begins when home price appreciation slows and favors home buyers, not sellers.
This flip could also occur due to a supply-demand imbalance as more homes get on the market due to overbuilding or from a price reduction trend started by sellers tired of waiting to sell their homes and buyers holding off on purchases in anticipation of lower prices.
Over the past few years, home price growth had outpaced tepid income growth and prompted mortgage lending giant, Fannie Mae, to raise its debt-to-income ceiling from 45% to 50% allowing people with good credit to qualify for mortgages by taking on that little bit of extra debt.
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The Most Popular Home Styles Right Now
Is Climate Change Beginning To Affect The Value of Your Florida Home?
What Millennials Have Learned From Watching Their Parents Real Estate Mistakes
Is It Ever Okay For Your Support Animal To Be A Peacock? Really, Is It?
From Condominiums To Luxury Homes: How To Properly Sell Your Property
The Best Ways To Sell Your Home
Why You Should Never Make A Lowball Offer On A House
Top 10 Home Projects To Recoup Your Money
The Market, The Bubble, And The Annoying Neighbors
Here’s How To Find The Right Asking Price For Your Home
Closing Tip: Never Give Away Your Key Until You’re Sure You Both Agree
Tips To Quickly Sell Your Home In A Softening Housing Market
Here’s What Is Affecting Your Home’s Value Right Now
Is The Housing Market Going Soft?
Here’s How Luxury Homeowners Are Influencing The Housing Market
The Government, The Shutdown, And Its Effect On Your Real Estate
2019 Housing Forecast For Home Prices, Mortgages, And More
A Fixer Upper Home May Be Your Best Option In This Market
Million Dollar Homes Are On The Rise, But Only In A Few Select Cities
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