Will Housing Markets Crash in 2023?

Chris at Hauseit® (https://www.hauseit.com) goes over the state of the real estate market and whether a crash is expected to happen in real estate prices. Will we have a replay of 2008, or something more benign?

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Are housing markets vulnerable to another epic crash like we witnessed in 2008 during the Great Financial Crisis? Or will prices correct in a more benign manner this time around?

On the one hand, lending standards have stood the test of time since the GFC, and banks are as strict as ever. We no longer have NINJA (no income, no job, no assets) loans or a crazy bubble in subprime mortgage structured products.

However, housing markets are higher than ever, and the amount of consumer home equity is higher than ever. Furthermore, rates have more than doubled, from lows of 2.5% to over 7% (with some recent retracement) for a 30 year fixed mortgage.

We explore this mystery and explain further in the following video.
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Hauseit Group LLC, Licensed Real Estate Broker
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Email: team@hauseit.com
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