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The Housing Market Isn’t Crashing
Buyers Information…
Some buyers are crossing their fingers for a housing crash, hoping prices will suddenly drop. But unlike 2008, today’s market is built on solid lending practices, responsible buyers, and homeowners sitting on a ton of equity.
Why the Market Won’t Tank Like Before
No More Risky Loans:
Can you believe 2008 was almost 20 years ago?? Back then, borrowers were allowed access to mortgages they couldn’t afford. Today, buyers are vetted carefully, with strong credit and stable incomes.
Foreclosures Are Rare:
In 2008, a wave of foreclosures flooded the market. Now? Foreclosure rates are historically low because homeowners actually can afford their mortgages.
Homeowners Have Equity:
Nearly 40% of homes are owned outright, and loan-to-value ratios are much healthier. That means fewer distressed sales and more price stability. In fact, US homeowners have around $11T in home equity to work with.
What This Means to my buyers…..
Waiting for a market crash is like waiting for Blockbuster to make a comeback—we’d all be very surprised. Home prices will likely keep rising, and buyers who sit on the sidelines could end up paying more down the road.
The good news? There are ways to make homeownership affordable, even with today’s rates. If you are hesitating, let’s talk. I’ve have people with financing strategies that can help you get into a home now—before prices climb even higher.