2022 Real Estate Market Crash FACTS
If you want to know the truth about the 2022 real estate market bubble, this video is you. We’re taking a look at the national real estate market stats and trends so you can make an educated decision about your future.
Amazing Equity Gains
If you bought your home more than 2 years ago, you have been gaining equity at a rate over 3 times what was predicted. Check out this graph showing percent year over year price increases by month, going all the way back to January 2021 when we saw a 10% home price appreciation.
According to data from FHFA (Federal Housing Finance Agency), the national average over the last year was 17.5% home appreciation, and the 5-year national average is 54.5%.
What’s Happening in Our Local Real Estate Market
I’m going to show you what’s happening in our market that is making your home worth so much. So we see that home prices are definitely on the rise, but what does that mean for supply and demand? We have been in a steady seller’s market for a while now, and we don’t see that changing.
For a more specific local real estate market update click here.
The Truth About The Real Estate Market Bubble
According to Realtor.com, 77% of people believe that we have a housing bubble where they live, even though the data does not support this belief. Let me repeat that.
THERE IS NO EVIDENCE THAT SHOWS WE HAVE A HOUSING BUBBLE.
This is leading to a decrease in the percentage of homes going on the market. But buyers are not taking their foot off the gas because of the long-term financial benefits of owning a home. You see the amazing equity you have built in your home recently, and buyers are after the same thing.
A Trusted Guide to Assist Your With Your Real Estate Goals
With all the uncertainty in the market and in our world right now, it can be hard to see through the headlines and see the data. Reach out to my team and we can walk you through what it would look like to sell your home. My name is Eren Millam and remember, Extraordinary Service delivers Extraordinary Results!
If you have any questions you can contact me here.
Find out how much equity you’ve gained with a FREE Market Analysis.
For even more information, visit my FREE Virtual Seller Seminar.