Why the Housing Market is not Headed for another 2008
There are three ways that today’s housing market is different from 2008:
- The supply of home for sale is still lower than the amount for a “normal” market.
- Lending standards are stricter than 2008.
- The foreclosure rate is lower because buyers are better qualified and less likely to default on their loans.
Questions about buying or selling a home in the current market, contact us today.
