An expert in real estate can assist you in separating fact from fiction.

1. An Expert in Real Estate can Assist You in Separating Fact from Fiction There are likely some headlines regarding the housing market that you have seen or heard if you keep up with the news. Fact from fiction can be difficult to distinguish when the real estate market is altering. An experienced real estate agent like The Braun Team can help in this situation. So that you can truly comprehend the market today and what it implies for you, they can assist you to disprove the headlines. Here are three popular housing market myths you may have heard, along with the professional analysis that puts them in a more accurate perspective. www.parrishflrealestate.com

2. Myth 1: Home prices will decline The idea that property prices are about to plummet is one urban legend that many purchasers may have seen or heard. This is due to the fact that headlines frequently describe what's happening with prices using comparable but different phrases. You may currently be seeing some of the following: •Home price appreciation or an increase. •Depreciation, which is a decline in home values •Deceleration, which is acceleration of home value growth but at a lesser rate. In actuality, specialists do not advocate for a reduction in pricing. Instead, they predict that appreciation will still occur, but more slowly. This implies that housing prices will continue to rise and not decrease. Myth 2: There is a Correction in the Housing Market The housing market being in a correction is another prevalent misconception. That is not the case, once more. This is why. In line with Forbes: "A correction is a prolonged decrease in the price of an individual asset or the value of a market index. Most people agree that a correction is a value decline of 10% to 20% from a recent peak. As was already said, property prices are still rising, and experts predict that trend will continue, albeit more slowly. Since prices aren't dropping, the housing market isn't experiencing a correction. In comparison to the previous two years, which were virtually record-breaking in every regard, it is merely moderating. www.parrishflrealestate.com

3. Myth 3: The Real Estate Market Will Collapse Concern about the property market being a bubble that is about to explode is being raised by some headlines. But analysts claim that today is not like 2008 at all. The fact that lending requirements are so different now is one of the causes. Some consumer’s worry that mortgage credit lending will become stricter as recession rhetoric becomes more common, according to Logan Mohtashami, Lead Analyst at Housing Wire. This generally occurs during a recession, but since there hasn't been a credit boom from 2008 to 2022, the idea that credit lending in America will collapse like it did from 2005 to 2008 is completely false. It was considerably simpler to obtain a mortgage during the previous housing bubble than it is right now. Since then, lending requirements have been substantially stricter, and buyers who obtained a mortgage over the past ten years are now much more qualified than they were in the years preceding the catastrophe. Final Word Let's connect regardless of what you may be hearing about the property market. By doing this, you'll have a market expert on your side that is well-versed in all aspects of the industry, including current trends, historical background, and a whole lot more. www.parrishflrealestate.com