2008 was a very tough year. Fortunately, we just aren’t there.
Are we going to see a repeat of 2008? Everybody remembers the housing market crash that shook the economy. Some fear that with the shift in the current market, we’ll see another nosedive as we saw back then. The short answer is no, we aren’t heading for another mortgage crisis.
Feel free to watch the full message above or use these timestamps that will direct you to various points in the video:
0:00 — Introduction
0:44 — No. 1: The labor market is strong
1:09 — No. 2: Fewer risky loans
2:15 — No. 3: Delinquency rates are lower
3:02 — No. 4: Foreclosure rates are low
4:00 — No. 5: Inventory is still short
5:26 — Wrapping up
Hopefully, you found this information helpful. If you would like to read the article that we referenced in the video, you can find it here. As always, if you have any questions about this or any other real estate topic, please feel free to call or email us. We’d be more than happy to help with any of your real estate needs.