What Happens to Housing when There’s a Recession? Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there’s some debate around whether we’re officially in a recession right now, the good news is experts say a recession today would likely be mild and the economy would rebound quickly. As the 2022 CEO Outlook from KPMG says : “Global CEOs see a ‘mild and short’ recession, yet optimistic about global economy over 3-year horizon . . . More than 8 out of 10 anticipate a recession over the next 12 months, with more than half expecting it to be mild and short .” To add to that sentiment, housing is typically one of the first sectors to rebound during a slowdown. As Ali Wolf, Chief Economist at Zonda , explains : “Housing is traditionally one of the first sectors to slow as the economy shifts but is also one of the first to rebound .” Part of that rebound is tied to what has h...
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Planning to Retire? It Could Be Time To Make a Move. If you’re thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and finding a home that more closely fits your needs . Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about when making that decision. Consider How Long You’ve Been in Your Home From 1985 to 2008, the average length of time homeowners typically stayed in their homes was only six years. But according to the National Association of Realtors (NAR), that number is rising today , meaning many homeowners are living in their houses even longer (see graph below) : When you live in a home for a significant period of time, it’s natural for you to experience a number of changes in your life while you’re in that house. As those life changes and milestones happen, your needs may change. ...
I am happy to announce that after 13 years I have decided to close my brokerage and move my real estate license to Summit Sotheby's International Realty. I chose Summit Sotheby's International Realty due to its prestigious reputation, global network, and high standard of service, which aligns with my goals of leveraging a respected brand to effectively market and sell properties, thereby maximizing value for my clients. While it was a difficult decision to close my brokerage, I am very happy with what the future will bring and the benefits it will have for all my clients that I adore.
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