Is the Housing Market a bubble about to burst? First, I know there are plenty of headlines out there whether there’s a potential crash that’s in the cards. But here’s what you need to know. This is not a repeated 2008.
Pulseconomics recently asks industry experts if the housing market is in a bubble? And the majority or 60% says no its not that’s because today’s very different from the housing market of 2008. Back then we have a historic number of foreclosures due to the loose lending standards. That’s a big reason why the 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 will lead to a crash.
If you want to stay in tune on what’s really happening in the housing market. Please reach out to us and we’re happy to give you factual data on why the market is going to continue to thrive.