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Monthly Archives: August 2022

    Experts Increase 2022 Home Price Projections

    By Pick Pina Group | August 17, 2022

    If you’re wondering if home prices are going to come down due to the cooldown in the housing market or a potential recession, here’s what you need to know. Not only are experts forecasting home prices will continue to appreciate nationwide this year, but most of them also actually increased their projections for home price […] Read More

    What Would a Recession Mean for the Housing Market?

    By Pick Pina Group | August 16, 2022

    According to a recent survey from the Wall Street Journal, the percentage of economists who believe we’ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there’d be a recession by now. But this July, when polled, 49% believe we will see a […] Read More

    The U.S. Homeownership Rate Is Growing

    By Pick Pina Group | August 15, 2022

    The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year: That data shows more than half of the U.S. population live in a home they own, […] Read More

    Why Experts Say the Housing Market Won’t Crash [INFOGRAPHIC]

    By Pick Pina Group | August 12, 2022

    Some Highlights Many people remember the housing crash in 2008, but experts say today’s market is fundamentally different in many ways. First, there isn’t an oversupply of homes for sale today. Plus, lending standards are much tighter, and homeowner... Read More

    What Does the Rest of the Year Hold for Home Prices?

    By Pick Pina Group | August 11, 2022

    Whether you’re a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year? Let’s break down what’s happening with home prices, where experts say they’re headed, and why this matters for your homeownership goals. Last Year’s Rapid Home Price Growth Wasn’t the Norm In 2021, home prices appreciated quickly. […] Read More

    Is the Shifting Market a Challenge or an Opportunity for Homebuyers?

    By Pick Pina Group | August 10, 2022

    If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars which drove home prices up as buyers competed with one another to be the winning offer. But what was once your greatest challenge may now be your […] Read More

    Selling Your House? Your Asking Price Matters More Now Than Ever

    By Pick Pina Group | August 9, 2022

    There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you’re thinking of selling your house? While home prices are still appreciating in most markets and experts say that will continue, they’re climbing at a […] Read More

    Why the Forbearance Program Changed the Housing Market

    By Pick Pina Group | August 8, 2022

    When the pandemic hit in 2020, many experts thought the housing market would crash. They feared job loss and economic uncertainty would lead to a wave of foreclosures similar to when the housing bubble burst over a decade ago. Thankfully, the forbearance program changed that. It provided much-needed relief for homeowners so a foreclosure crisis […] Read More

    Housing Market Forecast for the Rest of 2022 [INFOGRAPHIC]

    By Pick Pina Group | August 5, 2022

    Some Highlights The housing market is shifting away from the intensity of the past two years. Here’s what experts project for the remainder of 2022. Home prices are forecast to rise more moderately than last year. Mortgage rates will respond to infl... Read More

    Why It’s Still a Sellers’ Market

    By Pick Pina Group | August 4, 2022

    As there’s more and more talk about the real estate market cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to sell your house. If you’re thinking of making a move, you should know the market is still anything but normal. Even though […] Read More