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.
Homes Are More Affordable Today Than 20 Years Ago
Will Tax Reform Kill America’s Housing Market?
The Best Times To Buy And Sell Homes
Could A Change In The Tax Code Drive Away Home Buyers?
Think Twice Before Adding Children To Your House Deed
What Do You Do If You Have A Bad Condo Board?
Are Bitcoins Really Worth Anything Or Just A Bubble Waiting To Burst?
Hot Off The Press! The First 2018 Housing Outlook
Home Prices Have Been Up Every Month, But Where’s The Inventory?
Yes, Florida Home Sales Are Rising After Hurricane Irma
Purge Your Home Before You Prepare to Sell It
Buyer Beware: Flipped Homes Could Be A Real Nightmare If You’re Not Careful
Sept 6th - Tiny Homes: Big Hope Or Big Hype?
Aug 30th - Be Alert! Hackers Are Stealing Millions From Buyers By Using These Real Estate Scams
Aug 23rd - Have You Been A Victim Of Home Buyer’s Remorse?
Aug 16th - Lower Your Interest Rate On College Debt With A ‘Student Loan Cash Out Refinance’ Program
Aug. 9th - Think Outside The Box To Win In Today’s Tight Housing Market
Aug. 2nd - What To Do If Your Neighbor’s Airbnb Starts Spinning Out Of Control
July 26th - Even Steep Discounts Aren’t Reviving The Sale Of Luxury Homes
July 19th - America’s Affordable Housing Crisis Just Got Worse In 2017 ~ VIDEO
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