HOUSING MARKET IS CHANGING
Posted by Carlie Berke, CDFA®
June 23, 2022
For those of you considering selling your house in the near future due to divorce, downsizing, retirement, etc., pay close attention to the changes starting in the housing market.
After at least 10 years of a bull market in housing price appreciation and low mortgage rates, the market may no longer be the strong seller’s market we have become accustomed to.
Even though inventory is still relatively low and unemployment is low, affordability is declining due to interest rates approaching or exceeding double where they were a year ago.
Furthermore, with the stock market seeing declines hovering around 20% this year and recession fears building, you may want to explore getting your house on the market sooner than later, and pricing it based on market conditions and not “the price you want”.
Real estate is not a liquid asset even though we have been lulled into thinking so this past decade.
Want new articles before they get published?
Subscribe to our Blog.
*Your information will be kept private and not shared with any 3rd party.
Learn what you’ll need to know before getting divorced and who you’ll need to consult at which stage of divorce proceedings in this exclusive interview.
You need help to break down not only the valuable financial information you’ll need to know before getting divorced, but also, who you’ll need to consult at which stage of divorce proceedings.
You may need to work with a team of people willing to help you as you navigate the many many transitions that your divorce will require.
Get started on your new path today.
Find the Support You Need
The divorce rate has doubled for adults fifty and higher in the last 25 years. Understanding the process and how to navigate your emotions will save you personal stress and money. See which presentation is best for you. Statistic Source: Pew Research Center
Your Money Advocate
We envision a divorce process that allows you to keep your money in your family by developing affordable, common sense solutions that are compassionate, straightforward and transparent, resulting in empowered decision making.
Office Hours: M-F, 9am-5pm
Call Us: 858-342-7756