Complete Realty Team: How A Realtor Can Help You

Marietta, Georgia -

Marietta, GA based Complete Realty Team (CRT) is offering their community professional assistance with all their real estate needs. As their name suggests, the agency specializes in providing a personalized service that encompasses every aspect of a client’s real estate concerns. Learn more here: Agent Near Me.

CRT’s foremost commitment is to their client, and their team has a wealth of experience working with people with varying degrees of exposure to the real estate industry. As such, they are capable of either executing plans fluidly in accordance with a client’s wishes or providing a host of options in the event the client requires more assistance. In the latter situation, Complete Realty Team also endeavors to give them all the context they need in order to make informed decisions that best suit their interests.

“If you want to sell or buy a property in Cobb County,” the agency says, “your best course of action would be to come to us. You will find our team’s assistance to be of immense value no matter how many homes you have bought or sold in the past because we implement state-of-the-art technology at every possible junction to give ourselves and our clients an edge. Further, we understand the value of the human touch, and you can always expect us to be willing to have a frank discussion with you regarding your options.”

Complete Realty Team is headed by REALTOR® Ken Mandich, who originally got into the industry by renovating and selling homes. His extensive experience in this regard means that he can now identify and track market trends with relative ease, a skill he had to perfect long ago as an independent investor. He has also personally been involved in closing deals throughout his career, and he now plies this expertise on behalf of the agency’s clients.

With Mandich’s guidance, the team is able to work with clients from virtually any background, and they begin every relationship by taking the time to understand what the client is hoping to achieve. Whatever their priorities may be, CRT will adopt them as their own, be they speed, profit or even a hassle-free experience.

“We don’t chase short-term goals,” the agency explains, “we strive to build long-term relationships. Much of our business is based on referrals and returning clients as a result, and we are exceptionally proud of this fact. Our community has come to recognize that we truly have their best interests at heart, and they can rely on us to aggressively help them achieve the outcomes they desire.”

Mandich has also invested heavily in broadening his team’s knowledge of digital marketing. An unfortunate number of real estate agents, CRT says, still rely solely on the Multiple Listing Service (MLS) to get their client’s property on the market, but this is far from the only reliable method to do so. In fact, with the right leverage, social media can often prove a far more capable tool. Complete Realty Team says their objective here is simply to find a serious buyer, and they will utilize every means at their disposal to do so.

In fact, homeowners who are looking to make a sale in the near future can get started by simply visiting the CRT website. After submitting a few details about the property on the agency’s Sell page, they will receive an estimated value for their property in less than 24 hours. While this figure is in no way intended to be completely accurate, it often serves as an educational ballpark estimate for those who want to consider their options. For a more accurate figure, the client need only get in touch with the team directly, and their agents will take over from there. A similarly simple mechanism can be found on the agency’s Buy page as well.

Anyone looking for a REALTOR® in Marietta who can simplify the real estate process needs to look no further than Complete Realty Team. Buyers, sellers, and other interested parties are invited to get in touch with Ken Mandich or another member of the CRT team to inquire further about their services.

Source: Complete Realty Team: How A Realtor Can Help You

We Are Still In A Seller’s Market

As there’s more and more talk about the real estate market cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to sell your house. If you’re thinking of making a move, you should know the market is still anything but normal.

Even though the supply of homes for sale has been growing this year, there’s still a shortage of homes on the market. And that means conditions continue to favor sellers today. That’s because the level of inventory of homes for sale can help determine if buyers or sellers are in the driver’s seat. Think of it like this:

• A buyers’ market is when there are more homes for sale than buyers looking to buy. When that happens, buyers have the negotiation power because sellers are more willing to compromise so they can sell their house.
• In a sellers’ market, it’s just the opposite. There are too few homes available for the number of buyers in the market and that gives the seller all the leverage. In that situation, buyers will do what they can to compete for the limited number of homes for sale.
• A neutral market is when supply is balanced and there are enough homes to meet buyer demand at the current sales pace.

And for the past two years, we’ve been in a red-hot sellers’ market because inventory has been near record lows. The blue section of this graph highlights just how far below a neutral market inventory still is today.

What Does This Mean for You?

Ed Pinto, Director of the American Enterprise Institute’s Housing Center, gives a perfect summary of what’s happening in today’s market, saying:

“Overall, the best summary is that we'll move from a gangbuster sellers' market to a modest sellers' market.”

Conditions are still in your favor even though the market is cooling. If you work with an agent to price your house at market value, you’ll find success when you sell your house today. While buyer demand is softening due to higher mortgage rates, homes that are priced right are still selling fast. That means your window of opportunity to list your house hasn’t closed.

Bottom Line

Today’s housing market still favors sellers. If you’re ready to sell your house, let’s connect so you can start making your moves.

We Are Still In A Seller’s Market was originally seen on CompleteRealtyTeam.com. Discover more at: Complete Realty Team’s RE Blog

Homeownership May Make More Financial Sense Than Renting

If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this. It’s not just home prices that have risen in recent years – rental prices have skyrocketed as well. As a recent article from realtor.com says:

“The median rent across the 50 largest US metropolitan areas reached $1,876 in June, a new record level for Realtor.com data for the 16th consecutive month.”

That means rising prices will likely impact your housing plans either way. But there are a few key differences that could make buying a home a more worthwhile option for you.

If You Need More Space, Buying a Home May Be More Affordable

What you may not realize is that, according to the latest data from realtor.com and the National Association of Realtors (NAR), it may actually be more affordable to buy than rent depending on how many bedrooms you need. The graph below uses the median rental payment and median mortgage payment across the country to show why.

As the graph conveys, if you need two or more bedrooms, it may actually be more affordable to buy a home even as prices rise. While this doesn’t take into consideration the interest deduction or other financial advantages that come with owning a home, it does help paint the picture that it may be more affordable to buy then rent for that unit size based on nationwide averages. So, if one of the factors motivating you to move is a desire for more space, this could be the added encouragement you need to consider homeownership.

Homeownership Also Provides Stability and a Chance To Grow Your Wealth

In addition to being more affordable depending on how many bedrooms you need, buying has two other key benefits: payment stability and equity.

When you buy a home, you lock in your monthly payment with your fixed-rate mortgage. And that’s especially important in today’s inflationary economy. With inflation, prices rise across the board for things like gas, groceries, and more. Locking in your housing payment, which is likely your largest monthly expense, can provide greater long-term stability and help shield you from those rising expenses moving forward. Renting doesn’t provide that same predictability. A recent article from CNET explains it like this:

“...if you buy a house and secure a fixed-rate mortgage, that means that no matter how much prices or interest rates go up, your fixed payment will stay the same every month. That's an advantage over renting since there's a good chance your landlord will raise your rent to counter inflationary pressures.” 

Not to mention, when you buy, you have the chance to build equity, which in turn grows your net worth. It works like this. As you pay down your home loan over time and as home values continue to appreciate, so does your equity. And that equity can make it easier to fuel a move into a future home if you decide you need a bigger home later on. Again, the CNET article mentioned above helps explain:

“Homeownership is still considered one of the most reliable ways to build wealth. When you make monthly mortgage payments, you're building equity in your home that you can tap into later on. When you rent, you aren't investing in your financial future the same way you are when you're paying off a mortgage.”

Bottom Line

If you’re trying to decide whether to keep renting or buy a home, let’s connect to explore your options. With home equity and a shield against inflation on the line, it may make more sense to buy a home if you’re able to.

Homeownership May Make More Financial Sense Than Renting is republished from CompleteRealtyTeam.com. Learn more on: Complete Realty Team Buyer’s Agent Blog

3 Graphs To Show This Isn’t a Housing Bubble

With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble. As the housing market shifts, you may be wondering what’ll happen next. It’s only natural for concerns to creep in that it could be a repeat of what took place in 2008. The good news is, there’s concrete data to show why this is nothing like the last time.

There’s a Shortage of Homes on the Market Today, Not a Surplus

The supply of inventory needed to sustain a normal real estate market is approximately six months. Anything more than that is an overabundance and will causes prices to depreciate. Anything less than that is a shortage and will lead to continued price appreciation.

For historical context, there were too many homes for sale during the housing crisis (many of which were short sales and foreclosures), and that caused prices to tumble. Today, supply is growing, but there’s still a shortage of inventory available.

The graph below uses data from the National Association of Realtors (NAR) to show how this time compares to the crash. Today, unsold inventory sits at just a 3.0-months’ supply at the current sales pace.

One of the reasons inventory is still low is because of sustained underbuilding. When you couple that with ongoing buyer demand as millennials age into their peak homebuying years, it continues to put upward pressure on home prices. That limited supply compared to buyer demand is why experts forecast home prices won’t fall this time.

Mortgage Standards Were Much More Relaxed During the Crash

During the lead-up to the housing crisis, it was much easier to get a home loan than it is today. The graph below showcases data on the Mortgage Credit Availability Index (MCAI) from the Mortgage Bankers Association (MBA). The higher the number, the easier it is to get a mortgage.

Running up to 2006, banks were creating artificial demand by lowering lending standards and making it easy for just about anyone to qualify for a home loan or refinance their current home. Back then, lending institutions took on much greater risk in both the person and the mortgage products offered. That led to mass defaults, foreclosures, and falling prices.

Today, things are different, and purchasers face much higher standards from mortgage companies. Mark Fleming, Chief Economist at First American, says:

“Credit standards tightened in recent months due to increasing economic uncertainty and monetary policy tightening.” 

Stricter standards, like there are today, help prevent a risk of a rash of foreclosures like there was last time.

The Foreclosure Volume Is Nothing Like It Was During the Crash

The most obvious difference is the number of homeowners that were facing foreclosure after the housing bubble burst. Foreclosure activity has been on the way down since the crash because buyers today are more qualified and less likely to default on their loans. The graph below uses data from ATTOM Data Solutions to help tell the story:

In addition, homeowners today are equity rich, not tapped out. In the run-up to the housing bubble, some homeowners were using their homes as personal ATMs. Many immediately withdrew their equity once it built up. When home values began to fall, some homeowners found themselves in a negative equity situation where the amount they owed on their mortgage was greater than the value of their home. Some of those households decided to walk away from their homes, and that led to a wave of distressed property listings (foreclosures and short sales), which sold at considerable discounts that lowered the value of other homes in the area.

Today, prices have risen nicely over the last few years, and that’s given homeowners an equity boost. According to Black Knight:

“In total, mortgage holders gained $2.8 trillion in tappable equity over the past 12 months – a 34% increase that equates to more than $207,000 in equity available per borrower. . . .”

With the average home equity now standing at $207,000, homeowners are in a completely different position this time.

Bottom Line

If you’re worried we’re making the same mistakes that led to the housing crash, the graphs above should help alleviate your concerns. Concrete data and expert insights clearly show why this is nothing like the last time.

In short, you can buy a home now without worring about loosing large amounts of equity. If you are ready to buy or sell - just reach out to us and we can help, as well as give you more info on the market.

3 Graphs To Show This Isn’t a Housing Bubble is republished from CompleteRealtyTeam.com. Discover more at: Complete Realty Team - Ken Mandich - REALTOR - ERA Sunrise Blog

Why Are People Moving Today?

Buying a home is a major life decision. That’s true whether you’re purchasing for the first time or selling your house to fuel a move. And if you’re planning to buy a home, you might be hearing about today’s shifting market and wondering what it means for you.

While mortgage rates are higher than they were at the start of the year and home prices are rising, you shouldn’t put your plans on hold based solely on market factors. Instead, it’s necessary to consider why you want to move and how important those reasons are to you. Here are two of the biggest personal motivators driving people to buy homes today.

A Need for More Space

Moving.com looked at migration patterns to determine why people moved to specific areas. One trend that emerged was the need for additional space, both indoors and outdoors.

Outgrowing your home isn’t new. If you’re craving a large yard, more entertaining room, or just need more storage areas or bedrooms overall, having the physical space you need for your desired lifestyle may be reason enough to make a change.

A Desire To Be Closer to Loved Ones

Moving and storage company United Van Lines surveys customers each year to get a better sense of why people move. The latest survey finds nearly 32% of people moved to be closer to loved ones.

Another moving and storage company, Pods, also highlights this as a top motivator for why people move. They note that an increase in flexible work options has helped many homeowners make a move closer to the people they care about most:

“. . . a shifting of priorities has also affected why people are moving. Many companies have moved to permanent remote working policies, giving employees the option to move freely around the country, and people are taking advantage of the perk.”

If you can move to another location because of remote work, retirement, or for any other reason, you could leverage that flexibility to be closer to the most important people in your life. Being nearby for caregiving and being able to attend get-togethers and life milestones could be exactly what you’re looking for.

What Does That Mean for You?

If you’re thinking about moving, one of these reasons might be a top motivator for you. And while what’s happening with mortgage rates and home prices in the housing market today will likely play a role in your decision, it’s equally important to make sure your home meets your needs. Like Charlie Bilello, Founder and CEO of Compound Capital Advisors, says:

“Your home is your castle and should confer benefits beyond just the numbers.”

Bottom Line

There are many reasons why people decide to move. No matter what the reason may be, if your needs have changed, let’s connect to discuss your options in today’s housing market.

Why Are People Moving Today? was first published on CompleteRealtyTeam.com. Discover more on: Complete Realty Team Real Estate Agent

Ken Mandich From Complete Realty Team Is Educating Homeowners On Exactly What A Realtor Does

Marietta, Georgia -

Ken Mandich from Complete Realty Team is helping Cobb County, Georgia, residents understand the difference between a real estate agent and a REALTOR®. The Cobb County REALTOR® is making a case for why homebuyers and homeowners looking to buy, sell, or rent property should be very discerning when picking someone to represent them as there is a world of difference between the two distinctions.

Real estate agents help clients buy, sell, or rent properties. They must acquire the licenses that their state requires to be able to legally offer real estate buying, selling, and renting services. A REALTOR®, on the other hand, is a term that can refer to several different professions within the real estate industry. A REALTOR® can be a salesperson, a property manager, an appraiser, or even, a real estate broker.

However, REALTOR® is a trademarked term that can only be used by members of the National Association of Realtors (NAR) to refer to themselves. Established in 1908, the NAR is an American trade association that fights for the interests of those who work in the nation’s real estate industry. With 1.5 million members, as of August 2021, it is one of the largest trade associations of its type in the country.

To become a REALTOR®, real estate agents must pass the NAR Code of Ethics course. They should also have a valid real estate license for the state where they are actively engaged in the real estate business, should not have a record of official sanctions due to a history of unprofessional conduct, and should not have filed for a recent or pending bankruptcy.

Ken Mandich talks about what makes collaborating with a REALTOR® for a real estate transaction a safer bet by saying, “Not every real estate agent can become a REALTOR®. Apart from the focused study of the NAR Code of Ethics, you also need to have a successful career wherein you have operated with the NAR’s principles of honesty and integrity. Moreover, to become a REALTOR® you also need to pay an annual fee. Most real estate agents who are not pursuing a NAR membership just don’t make enough money to justify its cost. Would you trust the validity of your multi-million-dollar property deal to someone who does not get enough clients to justify that nominal cost? We, who have served the real estate industry for years, treat the REALTOR® trademark as a badge of honor. In short, as a property owner or buyer, finding out whether a real estate professional is a REALTOR® is a simple litmus test to quickly determine whether their skills are up to acceptable standards. If you are looking for help with buying, selling, or renting a property in Cobb County, we urge you to reach out to us here at Complete Realty Team. Our team of experienced REALTORS® will help you streamline your real estate purchase and make the entire process seamless and hassle-free. Visit https://crt.homes/0ux5 to find out more.”

One of the primary ways to determine whether a REALTOR® is a right fit for a property owner or buyer is to determine whether they have enough experience buying and selling properties in that region. A REALTOR® who has worked diligently in Cobb County for several years, such as Ken Mandich, is the best partner one can have when closing a deal in Acworth, Austell, Fair Oaks, Kennesaw, Mableton, Marietta, Powder Springs, Roswell, Sandy Springs, Smyrna, and Vinings. An experienced REALTOR® will also go above and beyond to help their client find the right home or to find the right buyer who is willing to pay top dollar for their property. A professional REALTOR® will also assume responsibility for all the paperwork as they have extensive experience with the state’s laws and regulations when it comes to real estate transactions.

Cobb County readers looking to buy or sell property can contact Ken Mandich using the contact information available at https://g.page/realtorken?share.

Source: Ken Mandich From Complete Realty Team Is Educating Homeowners On Exactly What A Realtor Does

Three Reasons To Buy a Home in Today’s Shifting Market

In this Friday’s infographic we have a great one giving 3 reasons why now is the time to look for a new home in today’s market.

Some Highlights

• The housing market is moving away from the frenzy of the past year and it’s opening doors for you if you’re thinking about buying a home.
• Housing inventory is increasing, which means more options for your search. Plus, the intensity of bidding wars may ease as buyer demand moderates, leading to fewer homes selling above asking price.
• If you’re ready to buy a home, now may be the moment you’ve been waiting for. Let’s connect to start the homebuying process today.

Another thing we should add is - interest rates! It doesn’t look like there is going to be any relief in sight from rising inflation. In return the Fed will continue to raise the rate. We wouldn’t be surprised to see an interest rate of 9% or higher soon.

If you put your home search on hold - or are needing to find a home now, get in touch with us to find the perfect house to call home!

Three Reasons To Buy a Home in Today’s Shifting Market is courtesy of CompleteRealtyTeam.com. Learn more at: Complete Realty Team Real Estate Website

How A Real Estate Agent Helps You Separate Fact From Fiction

If you’re following the news, chances are you’ve seen or heard some headlines about the housing market that don’t give the full picture. The real estate market is shifting, and when that happens, it can be hard to separate fact from fiction. That’s where a trusted real estate professional comes in. They can help debunk the headlines so you can really understand today’s market and what it means for you.

Here are three common housing market myths you might be hearing, along with the expert analysis that provides better context.

Myth 1: Home Prices Are Going To Fall

One piece of fiction many buyers may have seen or heard is that home prices are going to crash. That’s because headlines often use similar, but different, terms to describe what’s happening with prices. A few you might be seeing right now include:

• Appreciation, or an increase in home prices.
• Depreciation, or a decrease in home prices.
• And deceleration, which is an increase in home prices, but at a slower pace.

The fact is, experts aren’t calling for a decrease in prices. Instead, they forecast appreciation will continue, just at a decelerated pace. That means home prices will continue rising and won’t fall. Selma Hepp, Deputy Chief Economist at CoreLogic, explains:

“. . . higher mortgage rates coupled with more inventory will lead to slower home price growth but unlikely declines in home prices.”

Myth 2: The Housing Market Is in a Correction

Another common myth is that the housing market is in a correction. Again, that’s not the case. Here’s why. According to Forbes:

“A correction is a sustained decline in the value of a market index or the price of an individual asset. A correction is generally agreed to be a 10% to 20% drop in value from a recent peak.”

As mentioned above, home prices are still appreciating, and experts project that will continue, just at a slower pace. That means the housing market isn’t in a correction because prices aren’t falling. It’s just moderating compared to the last two years, which were record-breaking in nearly every way.

Myth 3: The Housing Market Is Going To Crash

Some headlines are generating worry that the housing market is a bubble ready to burst. But experts say today is nothing like 2008. One of the reasons why is because lending standards are very different today. Logan Mohtashami, Lead Analyst for HousingWire, explains:

“As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. This typically happens in a recession, however, the notion that credit lending in America will collapse as it did from 2005 to 2008 couldn’t be more incorrect, as we haven’t had a credit boom in the period between 2008-2022.”

During the last housing bubble, it was much easier to get a mortgage than it is today. Since then, lending standards have tightened significantly, and purchasers who acquired a mortgage over the last decade are much more qualified than they were in the years leading up to the crash.

Bottom Line

No matter what you’re hearing about the housing market, let’s connect. That way, you’ll have a knowledgeable authority on your side that knows the ins and outs of the market, including current trends, historical context, and so much more.

The article How A Real Estate Agent Helps You Separate Fact From Fiction was originally seen on Complete Realty Team. Find more on: Complete Realty Team In GA

Want To Buy a Home? Now May Be the Time

There are more homes for sale today than at any time last year. So, if you tried to buy a home last year and were outbid or out priced, now may be your opportunity. The number of homes for sale in the U.S. has been growing over the past four months as rising mortgage rates help slow the frenzy the housing market saw during the pandemic.

Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains why the shifting market creates a window of opportunity for you:

“This is an opportunity for people with a secure job to jump into the market, when other people are a little hesitant because of a possible recession. . . They’ll have fewer buyers to compete with.”

Two Reasons There Are More Homes for Sale

The first reason the market is seeing more homes available for sale is the number of sales happening each month has decreased. This slowdown has been caused by rising mortgage rates and rising home prices, leading many to postpone or put off buying. The graph below uses data from realtor.com to show how active real estate listings have risen over the past four months as a result.

The second reason the market is seeing more homes available for sale is because the number of people selling their homes is also rising. The graph below outlines new monthly listings coming onto the market compared to last year. As the graph shows, for the past three months, more people have put their homes on the market than the previous year.

Bottom Line

The number of homes for sale across the country is growing, and that means more options for those thinking about buying a home. This is the opportunity many have been waiting for who were outbid or out priced last year. If you are ready to find a home in Cobb County or the surrounding areas, reach out to us so we can help you find the perfect home.

Want To Buy a Home? Now May Be the Time is available on Complete Realty Team. Discover more at: Complete Realty Team Blog

A Window of Opportunity for Homebuyers

Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales.

But the transition back toward pre-pandemic levels isn’t a bad thing. In fact, the years leading up to the pandemic were some of the best the housing market has seen. That’s why, as the market undergoes this shift, it’s important to compare today not to the abnormal pandemic years, but to the most recent normal years to show how the current housing market is still strong.

Higher Mortgage Rates Are Moderating the Housing Market 

The ShowingTime Showing Index tracks the traffic of home showings according to agents and brokers. It’s also a good indication of buyer demand over time. Here’s a look at their data going back to 2017 (see graph below):

Here’s a breakdown of the story this data tells:

• The 2017 through early 2020 numbers (shown in gray) give a good baseline of pre-pandemic demand. The steady up and down trends seen in each of these years show typical seasonality in the market.
• The blue on the graph represents the pandemic years. The height of those blue bars indicates home showings skyrocketed during the pandemic.
• The most recent data (shown in green), indicates buyer demand is moderating back toward more pre-pandemic levels.

This shows that buyer demand is coming down from levels seen over the past two years, and the frenzy in real estate is easing because of higher mortgage rates. For you, that means buying your next home should be less challenging than it would’ve been during the pandemic because there is more inventory available.

Higher Mortgage Rates Slow the Once Frenzied Pace of Home Sales

As mortgage rates started to rise this year, other shifts began to occur too. One additional example is the slowing pace of home sales. Using data from the National Association of Realtors (NAR), here’s a look at existing home sales going all the way back to 2017. Much like the previous graph, a similar trend emerges (see graph below):

Again, the data paints a picture of the shift:

• The pre-pandemic years (shown in gray) establish a baseline of the number of existing home sales in more typical years.
• The pandemic years (shown in blue) exceeded the level of sales seen in previous years. That’s largely because low mortgage rates during that time spurred buyer demand and home sales to new heights.
• This year (shown in green), the market is feeling the impact of higher mortgage rates and that’s moderating buyer demand (and by extension home sales). That’s why the expectation for home sales this year is closer to what the market saw in 2018-2019.

Why Is All of This Good News for You?

Both of those factors have opened up a window of opportunity for homeowners looking to move and for buyers looking to purchase a home. As demand moderates and the pace of home sales slows, housing inventory is able to grow – and that gives you more options for your home search.

So don’t let the headlines about the market cooling or moderating scare you. The housing market is still strong; it’s just easing off from the unsustainable frenzy it saw during the height of the pandemic – and that’s a good thing. It opens up new opportunities for you to find a home that meets your needs.

Bottom Line

The housing market is undergoing a shift because of higher mortgage rates, but the market is still strong. If you’ve been looking to buy a home over the last couple of years and it felt impossible to do, now may be your opportunity. Buying a home right now isn’t easy, but there is more opportunity for those who are looking.

The previous Post A Window of Opportunity for Homebuyers was first published to Complete Realty Team. See more on: The Company's Blog

Georgia Realtor Complete Realty Team Is Highlighting That Experts Say This Housing Market Isn't A Bubble

Marietta, Georgia -

Ken Mandich, a real estate agent from Cobb County, Georgia, is easing fears that the current housing market is headed for a crash similar to the one in 2008.

The Georgia realtor has published a blog post titled “Housing Experts Say This Isn’t a Bubble” that quotes prominent real estate industry experts to explain why the housing market today is much different than the one right before the 2008 housing crash. Readers can check out the blog post at: https://crt.homes/o5yz.

The blog post begins by quoting Odeta Kushi, Deputy Chief Economist for First American Financial Corporation, the premier provider of title, settlement, and risk solutions for real estate transactions. Her responsibilities include preparing analysis, commentary, and forecasts on trends in the real estate and mortgage markets. Her work is regularly published in prominent media outlets and publications such as CNBC, Yahoo! Finance, Reuters TV, The Wall Street Journal, News and World Report, Business Insider, Housing Wire, and Inman News. Odeta gave her insight into the current housing market by saying, “This is not the same market of 2008. It’s no secret the housing market played a central role in the Great Recession, but this market is just fundamentally different in so many ways.”

The blog post from Complete Realty Team then draws on the expert opinion of Natalie Campisi, a Los Angeles-based reporter who covers mortgages and housing news for Forbes Advisor. Her work has appeared in publications such as CNBC, The Chicago Tribune, and MSN. Natalie gives her input by saying, “Among the differences between today’s housing market and that of the 2008 housing crash is that lending standards are tighter due to lessons learned and new regulations enacted after the last crisis. Essentially, that means those approved for a mortgage nowadays are less likely to default than those who were approved in the pre-crisis lending period.”

Finally, the blog post highlights an observation from Realtor.com which points out the discrepancy in supply and demand which is unlike the one leading up to the 2008 housing crash. Realtor.com noted, “Experts don’t believe the market is in a bubble or a crash is in the cards, like during the Great Recession. The nation is still suffering from a housing shortage that has reached crisis proportions at a time when many millennials are reaching the age when they start to consider homeownership. That’s likely to keep prices high.”

Ken Mandich from Complete Realty Team, more information about which can be found at https://g.page/realtorken?share, summarizes his point of view on the uncertainty gripping homeowners and homebuyers by saying, “The 2008 financial crisis was a complete failure of the real estate industry, and the banking industry that propped up its excesses, to spot the signs of institutional rot. By the time the people in charge woke up from their slumber, the magnanimity of the situation had gotten so out of hand that there was no correct course. However, despite the American public’s lack of trust in the corporations who have already let them down once and spectacularly so, things are different this time around. First, as Natalie Campisi pointed out, mortgage providers learned their lesson and today are very discerning in whom they approve for a mortgage. Back in 2008, mortgages were even offered to homebuyers who could barely afford to make interest payments. Lending standards today are stricter and more reasonable. Another contributor is the greater scrutiny from the government into how mortgage providers operate to ensure that honest hardworking Americans don’t have to, once again, bear the brunt of the poor judgment and greed of unscrupulous entities. Finally, as Realtor.com noted, there was an excess housing inventory in 2008 as builders were focused on building high-end homes that cost more to build and were designed squarely to maximize expensive mortgages. Conversely, in 2022, there are far more home buyers than there are homes and demand is outstripping supply.”

Readers who want to buy or sell a property in Cobb County, Georgia, can find out more about Ken Mandich and Complete Realty Team at: https://completerealtyteam-kenmandich-realtor.business.site.

Source: Georgia Realtor Complete Realty Team Is Highlighting That Experts Say This Housing Market Isn't A Bubble