It’s an uncertain time for the economy, and fearmongers love them some uncertainty – but do any of their metrics hold out for a housing collapse, or is this actually a golden moment to get in and hang on?
On this episode of Open House, Reba and Eric clear the minefields of mindless chatter and reach the meat of the matter, with the indicators you need to watch for rightly reckoning market trends.
You’ll come away from the show learning:
· The difference between a buyer’s market and a buyer’s opportunity.
· Tips for leveraging an uncertain market to get ahead in the end.
· Lending options that could save you a fair amount of interest over the standard 30-year fixed rate.
· How an interest-only loan may benefit you, provided you understand what you’re getting.
· The danger of ‘recent history bias’ in reckoning future trends.
· The critical differences between the pre-recession market and today’s.
· The reasons housing shortages will continue forcing housing prices to rise, regardless of what the economy does.
Plus Eric gives a rundown on rates, and Reba shares some intriguing recent activity in the local market.
So don’t hold your breath for home prices to fall, or you’ll both pass out and miss out on the opportunity before you. It's all here on this podcast of Open House with Team Reba.