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.
July 5th - Increase In Fannie Mae’s Debt To Income Ceiling Should Make Your Next House Easier To Buy
June 28th - Why Are Millennials Buying Homes Rather Than Renting Them?
June 21st - How Will Eliminating The Property Tax Deduction Affect You?
June 15th - It’s Hurricane Season Again! Do You Have The Right Insurance?
June 7th - The Stress Of Moving Is Keeping People At Home
May 31st - Low Housing Inventory Is Frustrating Would Be Buyers
May 24th - Looking For A Retreat? How About Vero Beach?
May 18th - Home Sales And Prices Spring Forward
May 10th - How To Guarantee A Return On Your Home Improvement Investment
May 3rd - What To Do When Your HOA Goes Rogue
April 26th - What Do Bankruptcy And Your IRS Refund Have In Common?
April 19th - The Home Affordability Crisis: Are You Being Priced Out Of The Real Estate Market?
April 12th - Worried About Thin Credit? Get Back On The Grid!
April 5th - Real Estate Prices Are Higher Because Of Millennials Buying Homes
March 29th - How To Buy A Home When You Already Own A Home
June 21st - How Will Eliminating The Property Tax Deduction Affect You?
Aug. 9th - Think Outside The Box To Win In Today’s Tight Housing Market
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