Today’s housing market is nothing like it was in 2008. Here’s why:
- It used to be easy to get a loan with a low credit score. Now, it’s harder to get a home loan because lenders are more careful.
- Last time, we had an oversupply of homes on the market. This time, we have an undersupply.
- Today, the foreclosure situation is different. The number of consumer with new foreclosures has drastically decreased annually for the last four years.
If you’re concerned about a crash, let’s connect today to discuss the reasons why the housing market different.
Contact Sedona Real Estate Agents
Damian Bruno: 928-202-0038
Danielle Giann: 928-300-0139
Coldwell Banker Realty
6486 Arizona State Route 179, Ste 102, Sedona AZ 86351
