Housing Market Updates Archives - The Monica Foster Team

History Proves Recession Doesn’t Equal a Housing Crisis

June 3, 2022 - General Information

Some Highlights It’s important to understand history proves an economic slowdown does not equal a housing crisis. In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice – minimally in the early 90s and [...] Read More

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Monica Foster June 3, 2022

Why Home Loans Today Aren’t What They Were in the Past

June 1, 2022 - General Information

In today’s housing market, many are beginning to wonder if we’re returning to the riskier lending habits and borrowing options that led to the housing crash 15 years ago. Let’s ease those concerns. Several times a year, the Mortgage Bankers [...] Read More

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Monica Foster June 1, 2022

What Does the Rest of the Year Hold for the Housing Market?

May 31, 2022 - General Information

If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year [...] Read More

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Monica Foster May 31, 2022

How Buying or Selling a Home Benefits the Economy and Your Community

May 25, 2022 - General Information

If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But do you know it has a large impact on your community too? To measure that impact, the [...] Read More

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Monica Foster May 25, 2022

Sellers Have an Opportunity with Today’s Home Prices

May 24, 2022 - General Information

As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to [...] Read More

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Monica Foster May 24, 2022

The One Thing Every Homeowner Needs To Know About a Recession

May 19, 2022 - General Information

A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean [...] Read More

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Monica Foster May 19, 2022

Why Rising Mortgage Rates Push Buyers off the Fence

May 17, 2022 - General Information

If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this [...] Read More

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Monica Foster May 17, 2022

If You’re a Homeowner, You Have Incredible Leverage When You Sell Today

May 16, 2022 - General Information

In today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. That’s because there’s a limited number of homes for sale, which is creating competition among buyers. Right now, [...] Read More

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Monica Foster May 16, 2022

What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market

May 12, 2022 - General Information

While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during [...] Read More

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Monica Foster May 12, 2022

Are There More Homes Coming to the Market?

May 11, 2022 - General Information

According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of homes for sale [...] Read More

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Monica Foster May 11, 2022

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