Even with the housing bubble behind us, now is a good time to recall some lessons learned. Click the graphic below for an excellent article by Beth Braverman on Realtor.com that outlines 5 lessons learned from the housing crisis. The current market is on track for its best year since 2006 and several indicators such as increased prices, fewer foreclosures, and the number of millennials moving out of parents’ basements and into the ranks of first time home buyers, can easily overshadow the importance of keeping these lessons in mind:
1. Your home isn’t always an investment
2. Every homeowner should have an emergency fund
3. Beware of risky mortgages
4. Buy what feels comfortable—not what you qualify for
5. Homeownership isn’t for everyone
And, as always, if you have questions about how your own situation can dovetail with current market trends, Hunt Country Solutions is here to help! Just drop a note or give us a call! We have the experience to help match your needs and wants with opportunities available in today’s local real estate market.