Why 2022 Won’t Be Another 2007

With interest rates on the rise, the biggest question we’re currently getting is, “Are we in a housing bubble?” It’s technically possible that the market could crash, but it’s incredibly unlikely. Today we want to talk about why. 

In 2007, banks were giving anybody a loan without hardly any money down. Today’s buyers are more qualified and are putting 40% to 60% down, if not completely paying cash. Additionally, our interest rates might have risen, but our inventory is still incredibly low. We think rates will continue rising another 3% to 4%, at which point buyer demand and price appreciation will dip back down to normal levels.

If you're on the fence about selling, now's a good time to do so before our buyers say enough is enough. Give us a call, and let's talk about your home's value and an optimal marketing strategy. We look forward to hearing from you.