Risky Business?

What's the top thing that comes to mind when you think of Real Estate? *Say it with me*

"Should I rent or buy?"

I think it's safe to say that the majority of us are vaguely aware of the ups and downs the housing market faces and that, understandably so, gives us doubt on if it's a smart thing to purchase a home. Well, I'm here to put your mind at ease. I did some research and wanted to share my positive findings. Check out the exert below, from the 2019 Q4 HoHM Report (Health of Housing Markets Report) provided by Nationwide Economics.

"The national LIHHM* retained a positive rating this quarter, suggesting that the odds of a downturn in the housing market over the next year are relatively low. Demand for housing remains strong in response to above-trend household growth, solid job gains, and low mortgage rates — factors that drive a positive outlook for housing for 2020.

The low supply of existing homes for sale remains a constraint on sales growth and has shifted more homebuyer demand to new homes. Housing starts, while trending higher, are also below the demographic trend — implying further gains in coming years for the construction of both single-family and multifamily units.

Regionally, about half of metro areas maintained a positive ranking this quarter — indicative of generally supportive conditions for housing growth over the next year or so. Moreover, the rankings for most MSAs were unchanged versus a year ago as demand factors and mortgage market conditions have remained stable and sustainable."

Source - https://blog.nationwide.com/housing/

Source - https://blog.nationwide.com/housing/

With any investment, there's a risk. So the more important question is, do the benefits outweigh the minimal risk that comes with home buying at this current stage in your life? In order to answer that question, you must be aware of what the benefits are. Can you truly say you do? If not, don't worry, I have a few of the basics below. Let me know if you'd like to know more or have any questions. I'll be ready.

Signing off for now - I'll be back with more helpful info soon!

It’s true...there’s no place like home. Let me help you find yours. Whether it be your starter, temporary or forever - call me.


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© 2020 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor eXp Realty in North Texas shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Data last updated: January 10, 2020 3:13 PM