Is the housing market a bubble about to burst? I know there are plenty of headlines out there about whether a potential crash is in the cards, but here’s what you need to know. This isn’t a repeat of 2008.
Pulsenomics recently asked industry experts if the housing market is in a bubble. And the majority, or sixty percent, said no,
it’s not. That’s because today is very different than 2008. Back then we had a historic number of foreclosures due to loose lending standards. That’s a big reason why home values dropped during the crash. This market is a different story. Mortgage lending standards are stricter, and experts aren’t projecting a flood of foreclosures that would lead to a crash.
Have questions about the housing market or what you’re hearing on the news? I can help. Let’s connect so you get the facts and the
answers you’re looking for.
Please feel free to reach out to me with all your real estate needs.