New Housing Crash Coming?

Many out-of-state buyers that I have worked with over the past few years were convinced our local South East Florida housing market was going to crash. 

Currently, with all of the talk about a possible recession and rapid increase in mortgage rates, it has renewed speculation that our area’s housing prices are about to collapse. 

CNBC’s Website recently posted an article called, “Here’s why this housing downturn is nothing like the last one.”

The article addresses the question of whether today’s housing market is similar to the one experienced during the “Great Recession” during 2007 to 2008?

The answer was no; that today’s housing market is much healthier than during the “Great Recession”.

Apparently, today’s lending requirements are more strict, which has resulted in borrowers being on firmer footing. 

Home prices have soared during the past few years, which enabled many homeowners to have a lot of equity in their homes. 

Mortgage debt in the US is about 43% of the home’s value, which it is reported is the lowest on record. 

Many experts believe the main problem in the current housing market is the lack of affordability. 

Our local real estate market is still a seller’s market with a lot of buyers still in the market for a new home. 

I help my home seller customers net the most money with the least amount of hassle.


To get more information about me, the market, community searches, my Mike In Boca Youtube Channel and more : go to my website : https://www.mikeinboca.com


Michael Friedman

Broker-Associate, Realtor, CDPE eXp Realty

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