Housing Crash 2.0?
Earlier in the year 2022, approximately 45% of the home sellers believed that the housing market was on it way to a crash. Google searches for the phrase “housing bubble” spiked and doomsday fears increased as the market seemed overheated. While these fears have some legitimacy, it is not a housing crash 2.0! The circumstances that surround this housing adjustment are different that what we saw around 2008. The US is still facing a low housing inventory situation and low rental vacancy rates. This is due to many years of underproduction. Below are facts that may help you understand how this housing market shift is different than the one we saw during the Great Recession.
Real Estate is still a good investment and can provide security to you and your family. In today’s market, go over the numbers carefully and just make sure that they work for you. As you navigate this interesting time in history, choose Pinyon Properties. We are your real estate professionals and are ready to assist.