Author: Henry Chu at Golden Gate Sotheby's International Realty

What Would a Recession Mean for the Housing Market?

For Buyers / For Sellers / Housing Market Updates / Interest Rates / Pricing

What Would a Recession Mean for the Housing Market?

According to a recent survey from the Wall Street Journal, the percentage of economists who believe we’ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there’d be a recession by now. But this July, when polled, 49%...

The U.S. Homeownership Rate Is Growing

First Time Home Buyers / For Buyers / Housing Market Updates / Rent vs. Buy

The U.S. Homeownership Rate Is Growing

The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year: That data shows more than half of the U.S. population live...

Why Experts Say the Housing Market Won’t Crash [INFOGRAPHIC]

For Buyers / For Sellers / Housing Market Updates / Infographics

Why Experts Say the Housing Market Won’t Crash [INFOGRAPHIC]

Some Highlights Many people remember the housing crash in 2008, but experts say today’s market is fundamentally different in many ways. First, there isn’t an oversupply of homes for sale today. Plus, lending standards are much tighter, and homeowners have record levels of equity. That means signs say there won’t...

What Does the Rest of the Year Hold for Home Prices?

For Buyers / For Sellers / Housing Market Updates / Pricing

What Does the Rest of the Year Hold for Home Prices?

Whether you’re a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year? Let’s break down what’s happening with home prices, where experts say they’re headed, and why this matters for your homeownership goals. Last Year’s Rapid Home Price Growth Wasn’t the Norm In...

Is the Shifting Market a Challenge or an Opportunity for Homebuyers?

First Time Home Buyers / For Buyers / Housing Market Updates / Move-Up Buyers

Is the Shifting Market a Challenge or an Opportunity for Homebuyers?

If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars which drove home prices up as buyers competed with one another to be the winning offer. But what was once your greatest...

Why the Forbearance Program Changed the Housing Market

Distressed Properties / Foreclosures / Housing Market Updates

Why the Forbearance Program Changed the Housing Market

When the pandemic hit in 2020, many experts thought the housing market would crash. They feared job loss and economic uncertainty would lead to a wave of foreclosures similar to when the housing bubble burst over a decade ago. Thankfully, the forbearance program changed that. It provided much-needed relief for...

Housing Market Forecast for the Rest of 2022 [INFOGRAPHIC]

For Buyers / For Sellers / Housing Market Updates / Infographics / Interest Rates / Pricing

Housing Market Forecast for the Rest of 2022 [INFOGRAPHIC]

Some Highlights The housing market is shifting away from the intensity of the past two years. Here’s what experts project for the remainder of 2022. Home prices are forecast to rise more moderately than last year. Mortgage rates will respond to inflation, and home sales will be more in line...

Buying a Home May Make More Financial Sense Than Renting One

First Time Home Buyers / For Buyers / Pricing / Rent vs. Buy

Buying a Home May Make More Financial Sense Than Renting One

If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this. It’s not just home prices that have risen in recent years – rental prices have skyrocketed as well. As a recent article from realtor.com says: “The median...