Why Experts Say the Housing Market Won’t Crash [INFOGRAPHIC]

Some Highlights

• Many people remember the housing crash in 2008, but experts say today’s market is fundamentally different in many ways.
• First, there isn’t an oversupply of homes for sale today. Plus, lending standards are much tighter, and homeowners have record levels of equity. That means signs say there won’t be a wave of foreclosures like the last time.
• If you have questions about the housing market, let’s connect.

Many people are still wary of the housing market due to the crash in 2008, but experts agree that today’s market is fundamentally different in several key ways.

One of the biggest differences is the current supply of homes. Unlike the oversupply of homes that contributed to the 2008 crash, today’s market has a much lower inventory. There aren’t too many homes flooding the market, which helps maintain home values and prevents a market collapse.

Additionally, lending standards have become much stricter since 2008. Banks and lenders now require higher credit scores, larger down payments, and more documentation, which reduces the risk of homeowners defaulting on loans. This means fewer people are being approved for mortgages they can’t afford.

Another significant difference is that homeowners today have more equity in their homes than ever before. With record levels of equity, most homeowners are financially stable and less likely to face foreclosure, even in the face of economic challenges.

These factors make today’s market much more stable and less likely to experience the same type of crash seen in 2008. If you have questions or concerns about how the current market could impact your buying or selling plans, let’s connect. I can provide expert advice and insights to help you make informed decisions.