I’m discussing whether a housing crash is coming soon due to the health crisis changing everything in the market.
The most frequent question I receive is: Are we headed for a housing crash similar to that of 2005 through 2008? Thankfully, the answer is no. Before the health crisis, we were in a real estate frenzy, and there was a very high demand for homes. We were seeing about 2,500 to 2,700 contracts accepted weekly. Now, during the pandemic, we had 1,500 accepted contracts just last week, so lots of activity is still happening. To learn more about why the 2020 market is different from 2008, watch the short video above.
