Heather Freeman

Wondering what a recession could mean for the housing market? Here’s what history tells us. During the past six recessions, mortgage rates have fallen. While history doesn’t always repeat itself, we can learn from it. If you have questions about today’s housing market and whether it’s still a good time to make a move, DM me.

During the housing crash, there was an oversupply of homes for sale. While inventory has increased this year, supply is still low. That means there isn’t enough inventory for home prices to come crashing down like they did last time, even though some markets may experience slight declines. DM me for more on why this isn’t 2008 all over again.

If you’re thinking of selling your house but are worried buyer demand has disappeared, know that millennials are the largest generation, and they're reaching their peak homebuying years now. That means there are still buyers looking to buy. DM me so we can get your house on the market and in front of eager buyers.

It turns out, millennials aren’t the renter generation after all. The 2022 Consumer Insights Report from Mynd says there’s a portion of millennial and Gen Z buyers who are pursuing homeownership as a way to build their wealth.

Instead of buying a home and moving into it themselves, some young buyers are purchasing a home so they can use it as a rental. This tactic may be gaining popularity, at least in part, because of the affordability challenges brought about by today’s higher mortgage rates. The report above mentions how many people in this group are considering this approach. It says:

“Almost half of Millennials and Gen Z (43%) are considering buying an investment property compared to only 9% of Baby Boomers and 27% of Gen X.”

>>Why Younger Buyers Are Buying a Home To Use as a Rental

This strategy allows buyers to continue living in their current location, like the bustle of a city apartment...

Do You Believe Homeownership Is Out of Reach? Maybe It Doesn’t Have To Be. It turns out, millennials aren’t the renter generation after all. The 2022 Consumer Insights Report from Mynd says there’s a portion of millennial and Gen Z buyers who are pursuing homeownership as a way to build their wealth, but it may not be exactly the way previous generations have done it. ...

Buying or selling a home is a process that involves a lot of moving pieces. That’s why partnering with a professional is so essential. An agent has the necessary expertise to smoothly work through each step along the way. If you’re planning to make a move this year, DM me so we can talk about the best ways to accomplish your specific goals.