Buying a home is among the momentous financial decisions one can ever make, so getting as much information as possible is essential. To help you out, we put together this list of the most Googled questions regarding the real estate market in the United States. Google Trends’ top queries—questions that show up the most in search results give you a good indication of what Americans want to know so that you can start a conversation with them on social media.
Question #1: Is the housing market going to crash?
Are you worried that the housing market is going to crash? With so many headlines and headlines about the demise of banks and the housing market, it’s easy to see why people are nervous. But to answer your question, no, the housing market isn’t going to crash. However, some people may be worried about losing their homes, and in 2019, that’s a very real possibility. In 2019, home prices were expected to rise, but not as much as they have in past years, as mortgage rates are expected to rise. However, many economists expect that home prices will still have significant room to grow.
Question #2: When will the housing market crash?
The housing industry has been in a prolonged slump since the recession and housing market crash of 2007 and 2008. Homeowners who purchased at the height of the market found it difficult to sell, and existing homeowners who couldn’t afford to maintain their mortgage payments defaulted. Recovery from the housing market crash and the Great Recession still has not reached all segments of the housing market, with home prices still well below pre-recession levels in most areas.
Question #3: Why is the housing market so high right now?
Housing prices are rising faster than they have in recent years, leaving many to wonder: is it really still a good time to buy a house? Continued growth in home prices is good news for both buyers and sellers, but it’s tough to tell how high prices will go for prospective buyers. Recent surveys suggest that home buying plans are on hold, which means demand isn’t as strong as it likely could be.
Question #4: Is the housing market slowing down?
Many housing markets are showing signs of slowing down. Home values began to rise between 2016 and 2018, and many experts are forecasting that prices could fall by 10 to 20 percent by 2020. But the housing industry is not slowing down just in the U.S. Canada, Australia, and the United Kingdom are also seeing slowing housing markets.
Question #5: When will the housing market get better?
The housing market has been in a slump for years, and that trend doesn’t look like it’s going anywhere. Real estate agents have had to find new ways to connect with people. While the housing market continues to lag, new strategies like selling directly to consumers online have become increasingly popular. What we need to remember is that the housing market is a cyclical thing. People buy homes and remodel when it is doing well, and when the housing market takes a downturn, these people are less interested in remodeling. But, one way or another, it’s bound to rebound.
Top Frequently Asked Questions from Home Sellers
Have you ever wondered what questions home sellers most frequently ask? Well, ask away—we’ve got answers! Every month, our Real Geeks answer questions from thousands of home sellers just like you. Here, we’ve rounded up some of the most frequently asked questions to help you better prepare your real estate listing.
When is the best time to sell my home?
Selling a home is a complicated process. It can be tempting to attempt to sell your old home with For Sale by Owner, DIY, or on your own, but sellers are often disappointed with their experience and end up with thousands of dollars in unsold inventory. Many professional home sellers use a broker, who will act as their representative for selling their home. Brokers have access to numerous home searching tools and will list your home on multiple online listing services, all for a fee.
How is the real estate market right now?
The real estate market right now looks a lot different than it did just a few years ago. Home sales and prices have been falling all over the country, and while some areas are still experiencing double-digit year-over-year increases, others are still seeing declines of 6% or more. How have things changed over the past few years?
What steps should I take to prepare my home for sale?
Selling your home requires a lot of preparation. You need to declutter, stage your home, and market it. If you’re pressed for time, skipping that last step and skipping right to the final walk-through is tempting. However, marketing has the potential to make or break the sale of your home.
The housing market is a hot topic due to the ongoing government shutdown and the popular belief that it’s hurting real estate values. However, it’s important to remember that the market never fails to fluctuate, and home buyers and sellers will always have ups and downs. Here’s a look at the top questions people are asking about the housing market and the answers.