Is the Housing Market ready to Crash?

Cindy Luoma
Cindy Luoma
Published on August 10, 2021

www.ColumbiasBestHomes

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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.

Last time, we had an oversupply of homes on the market. This time, we have an undersupply.

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!

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