No, This Market is Not 2008 All Over Again
In case you didn’t know, today’s housing market is nothing like it was in 2008.
What happened then was caused by cheap debt, shady lending practices, and financial acrobatics that ended with too many borrowers in mortgages they couldn’t afford. Step back from 2008, and you see that home prices have appreciated in 4 of the last 6 recessions. They only fell twice—slightly in the early 90s (1.9%) and almost 20% in 2008.
Here's our point: Not every recession is a housing crisis. So if you’re looking to buy, sell, invest, or flip, here's what to do: silence the naysayers, look at the stats, and find an agent and a team who can help you make on-time and informed decisions in 2022.
Want to know more about buying or selling in our current market conditions? Reach out, we'd love to help.