Ep. 76 - How to Overcome Fear and Misinformation in Home Buying

The endless news cycles, social media posts, and public opinion often trigger a cascade of fear and anxiety. As prospective home buyers, these feelings can cloud our judgment and decision-making. Are we buying at the peak of the market? Are we missing out on a better opportunity? These questions loom large. In this episode, we address and debunk more misinformation instigated by the news and social media to help you navigate the home-buying process with confidence and clarity.

[00:00 - 09:23] Debunking ATTOM's misleading reports on high foreclosure rates and why their data reflects pre-pandemic conditions and misrepresent today's market driven by first-time home buyers.

[09:24 - 14:29] Don’t listen to the fear-mongering – Buying in 2023 could secure major appreciation in America's upcoming Real Estate boom of 2024 and 2025

[14:30 - 17:12] Black Knight Incorporated reveals the contrasting positive reality of mortgage delinquencies and foreclosures in the US

Quotes:

“Our buyers are just being delivered a headline, and that headline reads ‘Top 10 Cities in America with the Highest Foreclosure Rankings.’ You see that your city shows up as one on there and that couldn't be further the truth.” — Quinton Harris 

“If you don't buy now, you're going to essentially lose out on the appreciation that is coming ahead of you over the course of the next three years.” – Quinton Harris 

“Don't let the news make the decision for you. Get into the headlines, dive deep into it, read what's going on in there, and more importantly, trust the people on the ground in the market of the city you live in. Because they are going to have a better data set of what's going on there.” – Quinton Harris  

Resources Mentioned: 

Article: ATTOM: Top 10 U.S. Housing Markets with Worst Foreclosure Rates in Q2 2023

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