Here’s Why the Housing Market Isn’t Going To Crash [INFOGRAPHIC]
Today’s housing market is vastly different from the market of 2008. Credit has become far more stringent since the recession, with lenders requiring higher scores and larger down payments for those looking to purchase property.
Foreclosures have also considerably declined in recent years, leaving a much lower inventory of available homes on the market. Homeowners now have more equity in their properties, which has been bolstered by rising home values across many areas.
Lending standards have become increasingly stringent since the recession, with credit scores and down payments required for prospective buyers now subject to higher standards. Foreclosures have likewise seen a marked drop in numbers, leaving a much smaller and more scarce selection of homes available on the market. Homeowners have benefited from rising home prices and as a result, they now possess higher equity in their properties than before the economic downturn. All of these factors combined have created a markedly different housing market than what was seen prior to 2008.
If you are worried about another potential crash, consider consulting with an experienced Telluride real estate professional at Mountain Rose Realty like Anne-Britt to understand why the current market conditions differ from what was seen prior to the recession.
Anne-Britt of Mountain Rose Realty is one Telluride’s top real estate professionals. Whether you’re an experienced investor or a first-time homebuyer, Anne-Britt can help you navigate the Telluride real estate market. She will provide valuable insight on local inventory trends and financial considerations to help you make smart decisions that fit your budget and lifestyle. With her extensive knowledge and expertise, she’ll ensure that your Telluride real estate experience goes as smoothly as possible. So don't wait another minute - contact Anne-Britt at Mountain Rose Realty today!