Since the housing bubble, it has become a lot harder to qualify for a mortgage. Compared to the years leading up to the bubble, price appreciation is stable, not out of control. Last time, we had an oversupply of homes on the market. This time, we have an undersupply. Today, much less of the average family’s monthly income is going toward mortgage payments. Leading up to the bubble, homeowners used their houses at ATM machines 🏦. Today, equity is handled much more cautiously.
If you have any concerns or questions about today’s housing market, 𝐋𝐄𝐓’𝐒 𝐂𝐎𝐍𝐍𝐄𝐂𝐓!
Your Satisfaction is my TOP priority!
Tawana Bourne, Broker - REALTOR® - Investor
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