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Market Update | The Balduf Group Blog

Monday, April 20, 2020   /   by Dennis Balduf

Recession or Housing crash?

There is a lot of questions and concerns around the housing market and a lot of us are experiencing resurfaced pain from scars caused from the 2008 housing crisis.  The big question on everyone’s mind is if this is going to be like 2008?
 
As we are all looking at capacity, staffing, compensation, UW guidelines and overall P&L management; looking at the numbers and not just the headlines is the key in this market.  Based on all the data it looks like we need to be prepared for a surge not decline in the months ahead.
 
I thought the below data was very helpful in analyzing what is coming in the months ahead.  Based on the data, almost all economist and experts are calling for a  3rd to 4th quarter rebound.  Many feel that the housing market is going to help push the economy forward and that we will need to handle the volume and demand pre-health crisis plus the pent up demand from people that held off buying in 2nd quarter ...

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  covid19, mortgage, resources, housing questions, market update, mortgage forbearance, real estate news, statistics

Thursday, April 16, 2020   /   by Sarah Balduf

Will COVID19 Cause Another Housing Crash?? | Kitsap County WA Real Estate | April 2020 Housing Update

Common Questions We Keep Hearing
There is a lot of confusion and understandably so, which is why this month’s Housing Update is a bit on the lengthier side.
 
·        Are we heading for another housing bubble?
·        Should I list my house now or keep it listed? Or wait until things settle down?
·        Is now a good time to buy or should I wait and see if prices will go down?   
 
If you have time to watch it, we encourage you to do so as it contains some valuable information and insight into how the housing market works, what affects its volatility, and what we can expect to happen into the near future. If you don’t have time, below are the top takeaways.
 
What’s The Market Doing Now?
Dennis compiles information he’s gathered from half a dozen industry gurus at the national level ...

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  covid19, mortgage, resources, bremerton, bubble, gig harbor, housing questions, housing update, kitsap, market update, poulsbo, real estate, real estate news, silverdale, statistics

The Balduf Group
Dennis Balduf
9564 Silverdale Way, Suite 100
Silverdale, WA 98383
360-649-5053

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