Recently the Fed's dropped a historic interest rate of .75% to create an economic slowdown in our nation. Many Americans are concerned about a possible recession. Many concerns were validated when the Federal Reserve met and confirmed and committed to bring inflation down. Visit this link to learn more about inflation. /INFLATION---32819---32836---Dr-Phillips-6-22829.html This was a highly recommended to impose this to start the neutralization of the current market June 2022 and the beginning stages of a reset.
Typically the history of recessions is every 15-18 years. Interest rates go up in the beginning of a recession. To bring the country out of a recession, interest rates are lowered to stimulate the economy moving forward. Yes, there are fears and many questions about how this may affect our lives, jobs and businesses. Not to forget our housing markets. This is already started to price reductions on many homes to avoid the flood of the housing market and concern about short sales and foreclosures coming back. And don't forget about lenders with creative marketing to compete against other lenders.
The financial impact as previous 2005 recession was a result of buyers receiving bad loans that they did not necessarily qualify for. The no document loans that was approved was a major disaster. Thousand of homes were foreclosed on and resulted in thousands of short sales were introduced into the housing market. You would think the banking industry should should learn from their mistakes.
However something needed to happen to slow down inflation. Look for the other signs of price productions. Home buying is a hedge against inflation. Statistics are showing a 15% increase of homes for 2022, less bidding wars and less upward pressure. No one knows what the future will hold, however politics and world events play a vital part in this strategic role so that we can bounce back to a normal state. Click link for short sales and foreclosure info
/FORECLOSURE-AND-SHORT-SALE---32819---32836---Dr-Phillips-6-18365.html Work with Kevin Strawter at 850 496-6412 or email email@example.com who is a trusted advisor to guide your footsteps down the right path to success for your homeownership goals that are certified in Short Sales and Foreclosures.