Hi, Cindy Luoma here, selling Columbia’s Best Homes with EXP Realty, LLC. I am here to talk to you today about a question that may be on your mind. “Is the Housing market headed to a CRASH?”
Let’s take a look.
Well here’s a few reason why we are NOT headed toward a CRASH!
Today’s housing market is nothing like it was in 2008.
- According to the Mortgage Credit Availability Index, back at the housing bubble, it used to be easy to get a mortgage. Since the housing bubble its become a lot harder to qualify for one.
2. Last time, we had an oversupply of homes on the market. This time, we have an undersupply.
3. Leading up to the housing crisis, a significant percentage of homeowners cashed out their equity. Today, equity is being handled Much more responsibly.
If you are concerned about a crash, let’s connect today so we can discuss why it isn’t like last time.
Please feel free to subscribe below or as you know, you can always reach me at (803) 429-0308.
Have a great day!