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Market Outlook

There’s been some concern lately about another housing market crash.
Maybe you’ve read articles linking today’s environment with the Market
Meltdown of 2008. Even with the talk of recession, this real estate market is
very different and that means that most experts do not expect a crash, just
a normal ebb-and-flow slowdown. There are some significant differences in
today’s situation:

Heading into the 2008 crash, loans were very easy to find. Almost anyone
could qualify for a loan with zero down payment and lower FICO scores.
The lending industry was taking huge risks, and this pushed home prices
higher, artificially. With stricter lending policies in place, not only do
borrowers need to qualify properly, but appraisals are based on true value,
avoiding over-inflated prices.

Housing Supply
Another difference is the housing supply. As home prices soared, so did the
number of homes for sale. Currently, there is still a shortage of available
inventory for the buyers still looking for a new home.

Equity Levels
Another huge difference is near record equity for most homeowners. The
strong housing market during the pandemic pushed home values higher
than ever before. Contrast this to the Market Meltdown era of short sales
and foreclosures, and it’s clear that most sellers can still afford to negotiate
and reap a healthy gain in the process.

What this means to you
The bottom line is that if you are a buyer looking to purchase or a seller
ready to move, there is no reason to wait or worry that there is a crash on
the horizon. The frantic pace of the market has slowed, interest rates have
risen, but opportunities are still available in this market.

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Why You Should List Your Home During Holiday Season

Listing your home during the holiday season can be a fantastic idea!

Here are some compelling reasons why:

✨ Less Competition: Fewer sellers mean your home stands out to motivated buyers.

🏠 Serious Buyers: Many house hunters during the holidays are ready to make a move.

🌟 Festive Appeal: Decorated homes exude warmth, creating an emotional connection.

📆 Flexible Timing: You can choose when to schedule showings and close the deal.

💰 Year-End Tax Benefits: Buyers may want to take advantage of tax benefits.

🎁 A Fresh Start: Buyers might see your home as a holiday gift to themselves.

Ready to make the most of the holiday season in real estate?

Let’s chat!

#HolidayHomeSelling #RealEstatePros #FestiveOpportunities

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Looking for a Mortgage? Review Your Resume

When evaluating a potential borrower, lenders consider a number of
factors. You already expect to produce a good FICO score, proof of
income, and a reasonable down-payment, but have you reviewed your
resume? A crucial aspect of loan approval is your employment and
employment history – your resume.

Your employment history provides lenders some insight into your financial
stability and income consistency. They want to ensure that you have a
steady source of income that will cover your mortgage as well as
household essentials. Typically, this involves pay stubs, W-2 forms, and tax
returns. They will also verify employment with your human resource
department, including hire date. If you have been in the same job for a
while, this strengthens your application by reducing the risk the lender
assumes in loaning you the money. Sometimes, the lender will need to look
closer and ask for more documentation if your employment history reveals
potential issues.


The approval process for self-employed borrowers may be slightly different.
Lenders will expect a strong, steady income stream that will be verified with
bank statements and tax returns. A company profit and loss statement will
also be requested.

Employment Gaps

Extended, unexplained employment gaps may be a concern for lenders.
The key is to explain, and most lenders understand reasonable
explanations such as education, caring for a family member, or extended

Changing Industries

Recent changes to your career track or industry can be a red flag to
lenders. Remember they are looking for consistency. However, as with
other issues, having a strong reason for the change and demonstrating
financial stability can alleviate these concerns.

Before you send off your loan package, it’s worth giving your resume a
quick review. Proactively offer documentation for anything that seems
unusual or that may cause questions. Working with your mortgage
professional can help you navigate the process and result in a loan