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This is when #OwnerFinancing is truly an easy goldmine for sellers, and a miracle for many #homebuyers (divorcees, self-employed, lifetime events and so on).
#sellerfinancing #dealsonterms #residentialrealestate #housingmarket #RealEstate
A staggering 40.3% of U.S. owner-occupied housing units are now mortgage-free
@MalasMeghan's latest report for ResiClub PRO members: https://www.resiclubanalytics.com/p/the-share-of-mortgage-free-homeowners-just-hit-a-new-high-housing-market
They're trying to fix the problem by jacking up taxes and insurance, not to mention the tremendous new costs and hassle of maintenance and repairs.
Housing crisis explained in one chart: 40.3% of U.S. homeowners have no mortgage (via @ResidentialClub)
Why move when your housing cost is $0?
Boomers can cash out. Gen Z is locked out.
Even if rates were cut in half, #ownerfinancing beats institutional loans every time, and for multiple reasons.
#sellerfinancing #dealsonterms #residentialrealestate #housingmarket #RealEstate
#HomeSales fall apart all the time, but the recent uptick in the summer is not typical. In the fall/winter, buyers are less motivated, in the warmer months they should be.
That stands out to me in the article (link ⬇️) about why #homebuyers pull out.
#RealEstate #HousingMarket
Time is money & timing is wealth!