The Gap Between What You Are Hearing and What Is Actually Happening

If you have been avoiding the housing market because of scary headlines and horror stories you have been hearing from friends, family, or the news cycle there is a good chance you are not getting the full picture. Mark Harris wants to give you the real truth about what the market actually looks like right now because the story being told does not match the market being experienced by buyers and homeowners who are actually in it.

What Homeowners Need to Know

If you own a property right now you probably have more equity sitting in it than you realize. Years of appreciation have built ownership positions that many homeowners are dramatically underestimating because they stopped paying attention after the scary headlines started. That equity is real, it is available, and understanding what you actually have is worth knowing whether you plan to sell, refinance, or simply make better financial decisions going forward.

What Buyers Need to Know

The market for buyers looks meaningfully different than the headlines suggest and meaningfully different from the horror stories your cousin told you about trying to buy in 2021.

There are more homes available right now than there have been in years. The bidding wars that defined the peak market are largely gone in most areas. Competition has decreased significantly. And because inventory has increased and homes are sitting longer sellers are negotiating in ways they simply were not willing to two or three years ago. Closing cost credits. Price reductions. Rate buydowns. Repair credits. These tools exist for buyers right now in a way that felt impossible during the peak.

As Mark Harris explains this is real negotiating power and buyers who are avoiding the market based on outdated information or peak-market horror stories are missing an environment that is genuinely more accessible than anything available in recent memory.

Stop Going Off Headlines and Cousin Stories

The 2008 market was a different situation driven by different conditions that do not exist today. The 2021 market was a different situation driven by pandemic dynamics and historically low rates that are also no longer present. Your cousin's story from either of those markets does not describe the market you would be buying in today.

The only way to know what the current market actually looks like for your specific situation is to talk to a professional who can show you what you qualify for, what is available in your price range, and what the negotiating landscape looks like right now rather than in whatever year the last scary story came from.

Reach out to Mark Harris to get the real truth about what the housing market looks like and what is actually possible for you today.

Sources

NAR.realtor
MortgageNewsDaily.com
ConsumerFinancialProtectionBureau.gov
Realtor.com
Investopedia.com