The Next 12 Months | Real Estate Market Crash Or Recovery?

Jeremy and Jesse ask the burning question on everyone's mind: are we headed for a real estate market crash or recovery? The real estate market is experiencing a tale of two markets, where buyers and sellers are waiting for opposite outcomes.• Buyers and sellers both playing a waiting game for different reasons• Western US currently has 190,000 sellers but only 122,000 buyers• Current market more balanced than either buyer or seller dominated• Property values still significantly higher than pre-pandemic levels• Even a 0.5% mortgage rate drop only saves $133/month on a $400k home• 38% of American homeowners have no mortgage• 50% of homeowners have 50% or more equity in their homes• Rate lock effect keeping many potential sellers from listing their homes• Major foreclosure crisis statistically impossible in current market conditions• Waiting for perfect market timing often costs more than it savesText Jeremy at 435-862-8467 to receive your own Property Impact Report and get personalized insights about your home's value.Have other questions about living in, moving to, or visiting St. George and Southern Utah? Just ask! P. 435-291-5443E. [email protected]: www.GoStGeorge.comInsta: https://www.instagram.com/larkingroupFB: https://www.facebook.com/StGeorgeExperts🌟 Who? Jeremy Larkin was born and raised in St. George, Utah and is the owner of The Larkin Group Real Estate Advisors.📍 Where? Washington and Iron County, Utah, including, but not limited to St. George, Washington City, Ivins, Santa Clara, Hurricane, LaVerkin, Toquerville, Cedar City and Parowan. 💈  What?  Jeremy and his team of expert advisors at The Larkin Group walk the best clients in the world through the brain surgery of Buying, Selling and Investing Southern Utah Real Estate! And perhaps more importantly, they LOVE this community and pouring their heart and soul into it!📻  Tune in! Jeremy is the host of The "St. George Real Estate Morning" Drive radio show 94.9 FM / 890 AM. You can stream the weekly program Thursdays at 8:35 AM here: https://tinyurl.com/radiorealestate   🙏 Give: The St. George Basket Brigade feeds 200+ families every Thanksgiving and supports local families, students and schools through organizations like Tan's Treats. Learn more and give at http://stgeorgebasketbrigade.org/🔍  SEARCH ALL HOMES AND LAND in Washington County https://www.gostgeorge.com/ 🔗 CHECK YOUR CURRENT HOME EQUITY @ https://www.gostgeorge.com/homevalue[00:00:00] Crash or Recovery Question[00:05:38] The Tale of Two Markets[00:09:30] Property Impact Reports[00:15:12] Shifting Buyer-Seller Dynamics[00:17:32] Interest Rates and Affordability[00:21:38] Why a Housing Crash Is Unlikely[00:23:00] The Reality for Buyers and Sellers