With all the housing market headlines and extreme home price volatility it’s impossible not to hear talk of another 2008 housing crisis potentially playing out. Here are three reasons and three corresponding charts illustrating why we are not in a housing bubble.
1. There’s A Shortage Of Homes On The Market Today, Not A Surplus.
2. Mortgage Standards Were Much More Relaxed Back Then.
3. The Foreclosure Volume Is Nothing Like It Was During The Crash.
Much of what we are witnessing today was also exacerbated by the global pandemic. So let’s not compare apples to oranges.
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