August 9, 2022
“This is not the same market of 2008. . . . It’s no secret the housing market played a central role in the Great Recession, but this market is just fundamentally different in so many ways.”
“Among the differences between today’s housing market and that of the 2008 housing crash is that lending standards are tighter due to lessons learned and new regulations enacted after the last crisis. Essentially, that means those approved for a mortgage nowadays are less likely to default than those who were approved in the pre-crisis lending period.”
“. . . experts don’t believe the market is in a bubble or a crash is in the cards, like during the Great Recession. The nation is still suffering from a housing shortage that has reached crisis proportions at a time when many millennials are reaching the age when they start to consider homeownership. That’s likely to keep prices high.”
Stay up to date on the latest real estate trends.
January 3, 2023
What's in store for the 2023 Housing Market?
November 9, 2022
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October 5, 2022
From the lows of 3.22% in January to a high of 6.7% last week, rising mortgage rates have substantially impacted the housing market in so many ways. The High-Rate Envi… Read more
August 30, 2022
Even with ultra-low demand, the Orange County housing market lines up in favor of sellers due to the persistent lack of supply. In the past week there has been a lot o… Read more
August 11, 2022
Will Orange County, CA Home Prices Fall This Year? Here’s What Experts Say. Many people are wondering: will South Orange County home prices fall this year? Whether you… Read more
August 9, 2022
With so much talk about an economic slowdown, some people are asking if the Orange County housing market is heading for a crash like the one in 2008. To really underst… Read more
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