Whether you’re a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year?
- Many people remember the housing crash in 2008, but experts say today’s market is fundamentally different in many ways.
- First, there isn’t an oversupply of homes for sale today. Plus, lending standards are much tighter, and homeowners have record levels of equity. That means signs say there won’t be a wave of foreclosures like the last time.
- If you have questions about the housing market, reach out to a trusted real estate professional.
The desire to own a home is still strong today.
According to a recent survey from the Wall Street Journal, the percentage of economists who believe we’ll see a recession in the next 12 months is growing.