Why you don’t need to be worried about a housing market crash. 

“Are we in a housing bubble?” We receive this question all the time, and we understand why. The market is shifting, and some people are worried we’re heading for another crash like 2008. However, we think this is very unlikely, and here’s why: 

First, the last housing crash in 2008 was caused by an unprecedented mortgage crisis. Our current economy has its issues, and it might cause us to enter a recession, but i won’t be driven by real estate. 

Something you may not know is that real estate prices remained fairly stable during the last five recessions—2008 was the only anomaly. In fact, homes usually appreciate during recessions. 

"There is still plenty of demand in our market."

Since the last crash, new regulations mean only qualified buyers can purchase a home. Plus, homes have appreciated like crazy in the past few years. Even if prices stagnate and people have trouble paying their mortgages, they can use their equity to avoid foreclosure.

Houses probably won’t appreciate at the ridiculous rate they have been over the last few years. However, there is plenty of demand in our market. You can still sell your home for top dollar; you just have to be smart about your pricing and work with a great real estate team.

If you are thinking about selling your home, call us for a free, no-pressure consultation. We’d love to help you figure out what the best plan is for you!