It’s pretty unlikely that the housing market will crash in the next few years. Experts say the current market is way different than how it was around 2008–2010—the last big housing bubble. Here’s why:
- Mortgage providers now have stricter lending rules to help prevent defaults caused by risky subprime mortgages.
- Housing supply is still super low and probably won’t catch up for a few years—so there’s little to no danger of home prices dropping like a rock.
Here’s the deal: If the number of houses for sale was crazy high and the number of buyers willing to buy them suddenly plummeted, housing prices would get slashed—and that’s when a crash would be something to worry about. But as long as new buyers continue to enter the market and there aren’t enough homes for sale to meet their demand, home sales and prices will continue going up, and the market should stay healthy.
If you work with an experienced agent, you’ll be able to capitalize on home prices, navigate multiple offers, and find the right buyer. With an expert by your side, it’ll be even easier to sell your house at a great price this year. That’s why it pays to have a trusted professional in your corner.
Whether you’re buying or selling, you need an agent who has weathered the storms of real estate and we can help! Contact us today.