You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
“ASK LAURA ABOUT REAL ESTATE”<br />
Is the Real Estate Market about to CRASH?<br />
There’s been a lot of recession talk over the past couple of years,<br />
which has caused some people to think we’re headed for a<br />
repeat of what we saw back in 2008. But the latest projections<br />
confirm why that isn’t going to happen.<br />
2<br />
Laura Harbison BROKER/OWNER<br />
B. 0026537.LLC PM.0164922.BKR<br />
Seniors Real Estate Specialist (SRES)<br />
Accredited Buyer Representative (ABR)<br />
Graduate Realtor Institute (GRI)<br />
Equator Platform Platinum Certification<br />
Equator Short Sale Agent Certification<br />
Certified Residential Specialist (CRS)<br />
Advanced Evaluations Certification<br />
At Home With Diversity (AHWD)<br />
Broker Price Opinion Resource (BPOR)<br />
NVS Institute BPO Certification<br />
Five Star BPO Designation<br />
Certified Distressed Property Expert (CDPE)<br />
Resort & Second-Home Property<br />
Specialist (RSPS)<br />
NAWRB Certified Delegate Spokeswoman<br />
Distinguished Real Estate Broker (DRB)<br />
Independently Owned And Operated<br />
Call Laura Today!<br />
(702)777-1234<br />
LauraHarbisonRealEstate.com<br />
Laura@HarbisonRealEstate.com<br />
<strong>April</strong> <strong>2024</strong><br />
The overall economy is pretty good. Not fantastic, but better<br />
than many are giving it credit for. There are a few economists<br />
predicting a recession in the next year, but they are in the<br />
minority. In fact, most experts don't believe there will be a<br />
recession in the next 12 months. A major reason why is the<br />
current unemployment rate. When you look at historical data, it’s<br />
pretty clear that the unemployment rate today is still relatively<br />
low.<br />
Will the unemployment rate go up? Unfortunately, it probably<br />
will, but most economists don't expect the unemployment rate to<br />
get anywhere close to the rate that we saw when the market last<br />
crashed (over 8%). Projections currently show that the<br />
unemployment rate will continue to stay under the 75-year<br />
average. Translation: well below the percentage of people who<br />
would have to lose their jobs to cause enough foreclosures to<br />
have a significant impact on the housing market.<br />
Another factor that I see is that we are still "undersupplied" on<br />
available housing inventory (there are more people who want to<br />
buy than want to sell). For a crash to occur, the supply would<br />
have to far exceed the demand, and there isn't anything<br />
foreseeable that is going to make that happen. Current market<br />
conditions are good, and we are enjoying an appreciating<br />
market. That's GOOD news for both current and prospective<br />
homeowners.<br />
If you are thinking of selling your current home, or looking for a<br />
home to buy, it's important to know the facts and your options.<br />
Call me today to get the information you need.
Change language