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A lot of buyers and sellers are holding back right now because they're worried we're headed for another 2008. But look at the numbers.
In 2008, homeowner equity and mortgage debt were nearly identical. That means, if someone hit a rough patch, they had almost nothing to fall back on. That's part of what made that crash so bad.
Today? Home equity is at $34.9 trillion. Debt is at $14.4 trillion. So, homeowners aren't stuck. They have equity built up in their homes – which means if they needed to sell, many could and they’d still come out ahead. They have a cushion.
This isn’t a crash. Today’s market still has a solid foundation.
And if worries about a crash have been keeping you on the sidelines, it might be worth having a conversation about what a move could look like for you right now.
💁🏻♀️ Andie Katz, Assoc. Broker | REALTOR®
📲 570-627-6017
📧 andiekatzrealtor@gmail.com
🌍 www.katziskey2poconoliving.com
🏛️ REAL of Pennsylvania
☎️ 855-450-0442
Think a newly built home is out of your budget? Over time, it might cost less than you think.
Compared to an existing home that’s 20 years old, buying new saves the average buyer more than $25,000 over the first 10 years.
Why? A brand-new roof, HVAC system, and water heater mean lower energy bills and fewer repairs early on.
So, the home that looks pricier upfront could actually cost you less over time.
DM me, and let’s look at what newly built homes in our area could save you.
💁🏻♀️ Andie Katz, Assoc. Broker | REALTOR®
📲 570-627-6017
📧 andiekatzrealtor@gmail.com
🌍 www.katziskey2poconoliving.com
🏛️ REAL of Pennsylvania
☎️ 855-450-0442
Home prices are up in some markets and flat or negative in others. So, what's going on?
It really comes down to one thing: inventory.
Where there are more homes for sale than there were before the pandemic, prices have stabilized or dipped. Where inventory is still well below normal, prices are still climbing.
And that’s why the headlines are so confusing right now. It varies a lot by area.
The national average is 1.7%, but your city’s number may tell a different story depending on where you live. That's exactly why working with someone who knows your local market makes all the difference right now.
Are you trying to buy or sell in the next 6 months? Drop a comment below and I'll tell you what the data says about our market right now.
💁🏻♀️ Andie Katz, Assoc. Broker | REALTOR®
📲 570-627-6017
📧 andiekatzrealtor@gmail.com
🌍 www.katziskey2poconoliving.com
🏛️ REAL of Pennsylvania
☎️ 855-450-0442
The Housing Market Is Stronger Than You Think
This market isn't broken, and waiting for a crash that isn't coming has a cost. Every month spent on the sidelines is a month someone else is building equity, locking in a price, or getting ahead of what most experts expect to be a housing surge once broader economic conditions settle.
Whether you're thinking about buying or selling, a local real estate agent can help you figure out what this market means for your specific situation and what your next move could look like.
💁🏻♀️ Andie Katz, Assoc. Broker | REALTOR®
📲 570-627-6017
📧 andiekatzrealtor@gmail.com
🌍 www.katziskey2poconoliving.com
🏛️ REAL of Pennsylvania
☎️ 855-450-0442
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