With all of the headlines and buzz in the media, some consumers believe the market is in a housing bubble.
As the market shifts, you may be wondering what'll happen next. It's only natural for concerns to creep in that it could be a repeat of what took place in 2008.
The good news is there's concrete data to show why this is nothing like the last time. First, there is a shortage of homes on the market today, not a surplus. The supply of inventory needed to sustain a normal real estate market is approximately 6 months. Anything more than that is an overabundance that can cause prices to go down. Anything less than that is a shortage and will lead to continued price appreciation.
After the housing market crashed in 2008, there were too many…
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