The housing market today is different from 2008. Many will say the differences mean there will not be another housing market crash. However, a few factors make you wonder if history could repeat itself, just in a different way.
Today, lending standards are much tighter than in 2008. As a result, the percentage of subprime mortgage originations has decreased significantly.
Millennials have reached peak home-buying age as we are still digging out of supply shortages from the 2008 crash.
It’s tough to understand how inflation may impact house prices. However, one thing is almost inevitable, rising mortgage interest rates will limit home price increases to the clip we’ve seen over the past two years.