Housing Prices Are NOT Heading For Another Crash

Dated: 01/03/2018

Views: 15

Image title

As home values continue to increase at levels greater than historic norms, some are concerned that we are heading for another crash like the one we experienced ten years ago. We recently explainedthat the lenient lending standards of the previous decade (which created false demand) no longer exist. But what about prices?

Are prices appreciating at the same rate that they were prior to the crash of 2006-2008? Let’s look at the numbers as reported by Freddie Mac:

The levels of appreciation we have experienced over the last four years aren’t anywhere near the levels that were reached in the four years prior to last decade’s crash.

We must also realize that, to a degree, the current run-up in prices is the market trying to catch up after a crash that dramatically dropped prices for five years.

Bottom Line

Prices are appreciating at levels greater than historic norms. However, we are not at the levels that led to the housing bubble and bust.


Read this & other articles here

Latest Blog Posts

Embracing Frugality

The book 7 Habits of Highly Effective People has sold over 15 million copies since it was first published in 1989, teaching people all over the world how to live happier, more successful,

Read More

Thinking Of Selling Your Home Why You Need A Pro In Your Corner

With home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional.Real estate

Read More

Add Your Rental Payments To Your Credit Report

DO YOU RENT?Mortgage and installment loansThese LOANS are evaluated by calculating the amount of the original loan versus the remaining unpaid balance. Installment loans are typically car loans or

Read More

Just Listed Homes In Oakland County Michigan

Justed Listed Homes in Oakland County! Get a free weekly list of new homes.http://kendrapack.mi.exprealty.com/ask

Read More