Featured photo: Sanibel sunset over the San Carlos Bay, seen from the Sanibel Causeway
Today’s current increasing home values and prices are a sign of a normal, healthy real estate market. While the housing crisis is still in recent memory, trends today are not akin to those in the earlier 2000s. Here’s why.
In today’s market, we’re facing a low housing supply with high demand. The current status is a four-month supply of housing inventory, according to the latest Existing Home Sales Report.
The difference in the housing demand today compared to a decade ago is about lending protocol. The housing bubble and burst of the past was a result of lending guidelines that were way too lenient, which led to an artificially inflated housing demand that permitted loans to individuals who weren’t appropriately qualified. Today’s lending guidelines are standard and typical, meaning the present housing demand is legitimate.
If you’re interested in Sanibel real estate–whether you’re buying, selling, or just looking–contact one of our knowledgable Sanibel realtors, search our MLS for available properties, or get in touch with our office at 239-272-2411 for general inquiries. We’re also more than happy to help you find the Sanibel realtor that’s the right fit for you.
Source: Keeping Current Matters
This article is provided by John R Wood Properties, a full service Sanibel Island real estate agency made of people who love where they live as much as what they do. With local knowledge and decades of combined experience, our Sanibel and Captiva Island realtors are passionate and dedicated to exceeding your real estate needs.
About the author: Nina Rogers is a writer, designer, and illustrator who grew up on Sanibel Island. As a Communications Content Manager for John R Wood Properties, Nina enjoys keeping people updated with the latest in local news and Sanibel real estate.