Many people are concerned that we are in a Real Estate Bubble and could face a market correction. Even the Federal Reserve Chairman is warning of another real estate bubble. But this market still seems to be on FIRE!
- People are concerned about another housing bubble. However….The 2007 Housing Crisis Was an Anomaly
- Supply and Demand:
Approximately 625 Available SFA Homes & 699 (all types) in 3 counties: El Paso, Teller and Elbert. That’s a 53% DROP IN AVAILABLE HOMES Compared to 2 Years Ago
Yet Sales are Up by 8%
- WE STILL HAVE A SUPPLY AND DEMAND ISSUE DESPITE RISING PRICES!
- Why? The Millennials are Buying!! 7% Larger Population! Age: 27-41
- Mortgage Interest Rates Surging!
30 Year Fixed 4.9%
VA / FHA 3.75%
- RISING INTEREST RATES ADVERSELY AFFECT SUPPLY OF HOMES
“Who Would Sell Their Current House at a 3% Mortgage to Buy a New House at a 5% Mortgage?
- Answer: Only those who Must Go or Who have a Lot of Equity!
People Buy and Sell Homes to Improve Their Lifestyles!
- Rent Keeping Up with Mtg Payments!
30 Year Fixed 4.9%, 20% Dn = $2400 mo
Average Rent 3/3/2, 2500-3500 SF = $2368
- Another Reason Real Estate is NOT Going to Crash! FOMO
“People start being interest in something because its going up, not because they understand it or anything else..” ~ Warren Buffet
- I’m Barb Schlinker with Your Home Sold Guaranteed Realty
If You ARE Thinking of Making a Move
Want to Know How to Get the MOST Money When you Sell
Call us at 719 301 3900 or go to BarbHasTheBuyers.com
- Selling a Home is an Important Decision
You Want Someone Who Knows How to Get you the MOST Money
My Year to Date AVERAGE over asking price is $34,447
Average Price is now $539,684
Hire us: We Command 6.38% More!
That is 4.0% More Than an Average Agent
- Reason NOT in a Bubble: INVESTORS BUYING
There is a massive increase in the investors purchasing BUY AND HOLD REAL ESTATE
- Reason NOT in a Bubble: SUPPLY OF HOUSES LOW
- Only Way Prices Would Drop:
MASSIVE SURGE IN INTEREST RATES
5% is Higher Than Recently but…AVERAGE OVER LONG TERM
- Reason NOT in a Real Estate Bubble
COLORADO Has A Net INCREASE IN Migration Pattern of 7.3%
- How to Prepare: Bonus
Buyers will look at more homes
Buyers will be more picky
Getting the Home Show Ready is More Important Than Ever
- Our Service:
What to Do to Get Ready
What NOT to Do to Get Ready
What Your Home Will Sell For
How Much You Will Put in Your Pocket
Moving? call us at Barb Schlinker team. Call 719 301 3900 or visit:
www.BarbHasTheBuyers.com
