Recession risk is now here. So much on the plate with America that tax payers and not sure what financial decisions to make. Many that have been in the process of home buying are now uncertain, click link to learn more about fear of home buying /FEAR-OF-HOME-BUYING---32819---32836---Dr-Phillips-6-25026.html
The fact remains as of February 2023 it was announced that America is in debt 31.4 trillion dollars and must be paid by June 2023. If not, this will be catastrophic to our nation and a huge domino effect in the financial market. It is noted Wall Street stocks will topple with much confusion along with inflation. Some investors may pull back and reduce the risk until another cooling period. Another interest rate hike is planned for May 2023 with unknown on horizon.
Given the recent Fed meeting March 2023 their assessment of potential of the political economic effects of the recent banking developments the outcome is that a mild recession starting later 2023 and a two year recovery period.
Click link to learn more about past recessions and housing market /PAST-RECESSIONS-AND-HOUSING-MARKET---32819---32836---Dr-Phillips-6-24053.html
Home affordability is now the hot subject since interest rates spiked since June 2022. The housing market has been up and down for the last ten months from the first mortgage interest rate spike which makes home affordability a huge challenge, With so much at stake to include price of materials makes it tough for builders to hold a contract together without being disqualified for the loan. Many buyers did not qualify and deposits were gracefully refunded, some builders nationwide sold off a huge amount of assets to cut any deeper losses. Look forward to hear from your trusted advisor. Click link to learn more about the recent history of home affordability /HOME-AFFORDABILITY---32819---32836---Dr-Phillips-6-23503.html
As a trusted advisor, professional realtor and military veteran I am here to serve you and always on the pulse of the housing market for the Dr Phillips and Central Florida area. Always stay in tuned, educated and connected in this volatile housing market to purchase or for the sale of your home. In the absence of trustworthy up to date information whether it's a housing crises or local housing market, real estate decisions are increasingly being driven by fear, uncertainty and doubt. We as trusted advisors drive the real estate community and always preaching the truth of real estate. I emphasize that education is a must for the community to ensure you are making the right decision. So don't let this shifting housing market delay your dreams, data reveals home values typically appreciate over time and that gives your net worth a nice boost. When you are getting help with a home, look for your realtor with a heart of a teacher. If you are ready to start your journey, contact me today at 850 496-6412 to help begin a new walk to homeownership and all of your real estate needs.