What Matters in Today's Real Estate Market?
The Lisa Barton Team has been top-producing real estate agents in Northeast Florida for over a decade. Recently, we sat down to discuss the current market and the questions that everyone seems to have about real estate. To learn more about what's affecting today's market, we hope you'll take a look at our new video series, “Real Estate Matters”.
How Today’s Market Differs - 2022 vs 2008
As agents who worked through the “Great Recession,” we have firsthand knowledge of how difficult that time period was for homeowners trying to sell their property. Today’s market is distinctly different! The biggest change is the level of equity owners have in their homes now. Nationwide, we are at a historic level of high equity – which is in stark contrast to 2008 when many home buyers were purchasing with the intention to flip the property. Those speculative buyers were using faulty mortgage products and the mortgage industry was essentially a house of cards. Learn more about the differences we’ve noticed between today’s market and the 2008 market here.
Will Prices Go Back Down?
The burning question on everyone’s mind is whether home values will continue to rise or are we experiencing a bubble that’s about to burst? The team talks about the effects of continued rising buyer demand for homes, especially in Florida, and the influx of millennials into the real estate market on home pricing. To hear more about the expectation for home prices and what to do as either buyers or sellers in this type of market, watch here.