Foreclosures On the Rise

In this episode, we're joined by real estate and mortgage veteran Tarl Anderson to discuss the rise in Texas foreclosures for 2023. We hit the ground running with some straight talk about today's wobbly housing scene. We dove into the big question on everyone’s mind—should you grab that set of shiny new house keys now, or is it smarter to cool your heels and rent for a bit?

We also got down to brass tacks on property value trends, peering into the crystal ball of housing appreciation—or the lack thereof. Because let’s face it, a home's value can be as unpredictable as Houston weather. From creeping foreclosure numbers to the ebb and flow of interest rates and job stats, we unpacked it all. Our mission? To arm you with the nitty-gritty details so you can step into the housing market with your eyes wide open, ready to make that home-buying leap on your terms, with confidence and your bank account intact.

In this episode, you’ll learn:

• Highs and lows of the market
• To buy or  not to buy
• Cost of Ownership Versus Renting
• Home Value Appreciation Forecast

Must-listen moments: 

[00:07:15] Statistics about first-time home buyers in the current year compared to the past decade

[00:08:50] Psychological factors influencing buyer decisions

[00:10:30] Myths versus realities of obtaining a mortgage.

[00:12:05] Urban and suburban housing trends, highlighting a shift in buyer preferences.

[00:19:00] Future home value growth or stagnation.

[00:20:00] Importance of localized knowledge.

[00:21:40] Review of market peaks - how current patterns may predict future price movements.

[00:23:15] Foreclosure impacts on the market and how a shift in interest rates could lead to increased buyer activity.

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Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497 

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📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com
 
Equal Housing Opportunity Lender NMLS# 514497

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