There are a lot of headlines out there about the state of the real estate market. It’s important to know what’s real, and what is simply just click bait. Here are just a few talking points to be aware of.
“A housing crash is coming”
While prices may fluctuate with interest rates, a significant crash like the one in 2008 isn’t expected. Today’s market is built on much stronger lending standards and real demand.
“A recession = housing crisis”
Historically, home values have remained steady — or even increased — during most recessions.
“You need perfect credit and 20% down”
Many buyers get into a home with far less than 20% down, and there are loan options for a wide range of credit scores. You don’t need to be perfect — just prepared.
“Mortgage insurance is something to fear”
It’s not the enemy. It’s a tool that helps buyers purchase sooner and start building equity, rather than waiting (and renting) for years.