Happy Wednesday! I am still talking to a lot of clients that think we are in a housing bubble. It is natural to want to compare our current market to the 2008 bubble, but it is not an apples-to-apples comparison when you look at the data. The main reasons are there is still an inventory issue, credit requirements to get a home are different, and there will be less foreclosures this time around. Long story short, don’t let the news scare you into not buying. I know it is not the right time for everyone but understand the data before you make your decision. Please take a few minutes to read the article below and see my video for more details.
Weekly Newsletter https://www.simplifyingthemarket.com/en/2022/08/02/3-graphs-to-show-this-isnt-a-housing-bubble/?a=788530-f53aef62a0a2ac6a1a5bf919b2317ba0
Stewart Sadler
Managing Partner
Cornerstone Mortgage Group
Georgia Residential Mortgage Licensee: 21412 • Company NMLS: 147913 • Individual NMLS: 147938