Are we headed for a repeat of 2008 real estate market crash?
A big, resounding NO !
What happened in 2008 was caused by cheap debt, shady lending practices, and financial acrobatics that ended with too many borrowers in mortgages they couldn’t afford.
"Even if a nominal home price decline comes this time, it’s unlikely to be like 2008. Plus, the supply of houses can not meet current demand."
Research Economists, Dallas Fed for Fortune.com
My Advice?
Not every recession is a housing crisis.
So if you’re looking to buy, sell, invest, or flip, here's what to do: silence the naysayers, look at the stats, and find an agent who can help you make on-time and informed decisions in 2022.