Don’t Be Fooled by Remarkable Real Estate Headlines
Don’t be impressed by the headlines reporting year-over-year housing numbers for the next several months (data covering March, April, May, and June). The data will most likely show eye-popping one-year increases.
While the year-over-year jumps will certainly be striking, consumers should take these numbers with a grain of salt, as the situation highlights a short-term quirk in the reporting of this data. Essentially, the increases will reflect a combination of two things: sharply lower housing numbers during last year’s virus-related market collapse and the subsequent strong rebound. This will result in what will appear to be unbelievable growth.
Let’s use single-family home sales as an example:
As the graph reveals, last spring’s buying market was anything but typical. Instead of sales increasing, they fell sharply as a result of stay-at-home orders that virtually shut the real estate industry down.
This spring’s real estate market will bounce back with more normal seasonal sales increases. The percentage increase in sales will be astronomical – not because sales have skyrocketed, but instead because they will be compared to last year’s low numbers.
Bottom Line
There are likely to be some sensational headlines about real estate over the coming months. However, don’t be fooled. The actual story is that the real estate market is finally back to normal.
Read from source: “Click Me”
Mortgage Brokers in North Palm Beach FL, Christian Penner Mortgage Team, North Palm Beach FL mortgage lender specializes in conventional, FHA, VA, Jumbo and Reverse Mortgages.
Competitive Rates, Apply Today!
Questions, Comments or For more information you can call
Christian Penner Branch Manager at 561-316-6800 or email us at TheMortgageTeam@ChristianPenner.com
Approval Hotline: 561-316-6800
Helping You Achieve the American Dream of Home Ownership
 |
 |
 |
 |
 |
 |
 |
 |
 |
Or You can click “Call Me” below to call Christian Penner directly using Google Voice
[mk_padding_divider][mk_blockquote font_family=”none”]
Christian Penner, Branch Manager Mortgage Broker West Palm Beach talks about Real Estate West Palm Beach. He also serves other Local Areas and provides home Mortgage Solutions for Palm Beach Gardens, Jupiter, Boca Raton, Wellington and Tequesta. Christian Penner Mortgage Broker Jupiter has the lowest mortgage rates and the best home mortgage programs like; Jumbo loans, FHA Home Loans, VA Home Loans, Reverse Mortgage Home Loans, Freddie Mac Home Loans, Fannie Mae Home Loans and HARP Mortgage Loans. Christian Penner Mortgage Broker Palm Beach Gardens has Served the area for over 18 years with his Home Loan Lending Needs and Works with The Christian Penner Mortgage Team.
Ask Me About A Mortgage, Palm Beach Mortgage Lender, West Palm Beach Mortgage Lender, Palm Beach Gardens Mortgage Lender.
[/mk_blockquote]
Christian Penner712 U.S. Highway 1 North #300, North Palm Beach, FL 33408 |
– – –
ChristianPenner.com
http://www.christianpenner.com/dont-be-fooled-by-remarkable-real-estate-headlines/
– “Don’t Be Fooled by Remarkable Real Estate Headlines” –
The Christian Penner Mortgage Team | Cell/Text: (561) 316-6800
