{"id":3104,"date":"2022-07-14T10:00:07","date_gmt":"2022-07-14T10:00:07","guid":{"rendered":"https:\/\/sandpointrealtyidaho.com\/blog\/2022\/07\/housing-experts-say-this-isnt-a-bubble\/"},"modified":"2022-07-14T10:00:07","modified_gmt":"2022-07-14T10:00:07","slug":"housing-experts-say-this-isnt-a-bubble","status":"publish","type":"post","link":"https:\/\/sandpointrealtyidaho.com\/blog\/2022\/07\/14\/housing-experts-say-this-isnt-a-bubble\/","title":{"rendered":"Housing Experts Say This Isn\u2019t a Bubble"},"content":{"rendered":"

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$\"Housing$ <\/p>\n

With so much talk about an economic slowdown<\/a>, some people are asking if the housing market is heading for a crash<\/a> like the one in 2008. To really understand what\u2019s happening with real estate today, it\u2019s important to lean on the experts for reliable information.<\/span><\/p>\n

Here\u2019s why economists and industry experts say the housing market<\/a> is not a bubble<\/a> ready to pop.<\/p>\n

Today Is Nothing Like 2008<\/strong><\/h4>\nThe 2008 housing crash is still fresh in the minds of many homebuyers and sellers. But today\u2019s market is different. Odeta Kushi, Deputy Chief Economist at First American,<\/em> says<\/a>:<\/p>\n
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\u201cThis is not the same market of 2008. . . . It\u2019s no secret the housing market played a central role in the Great Recession, but this market is just fundamentally different in so many ways.\u201d<\/em><\/p>\n<\/blockquote>\n
Natalie Campisi, Advisor Staff for Forbes<\/em>, explains<\/a> how today\u2019s lending standards<\/a> are different than those during the lead-up to the housing market crash:<\/p>\n
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\u201cAmong the differences between today\u2019s housing market and that of the 2008 housing crash is that lending standards are tighter due to lessons learned and new regulations enacted after the last crisis. Essentially, that means those approved for a mortgage nowadays are less likely to default than those who were approved in the pre-crisis lending period<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n
Another reason today\u2019s housing market is nothing like 2008 is that the number of people looking to buy a home still outweighs the supply of homes for sale. As realtor.com<\/em> notes<\/a>:<\/p>\n
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\u201c<\/em><\/strong>. . . experts don\u2019t believe the market is in a bubble or a crash is in the cards, like during the Great Recession.<\/strong> The nation is still suffering from a housing shortage that has reached crisis proportions at a time when many millennials are reaching the age when they start to consider homeownership. That\u2019s likely to keep prices high.\u201d<\/em><\/p>\n<\/blockquote>\n
Bottom Line<\/strong><\/h3>\n
Experts say the housing market isn\u2019t a bubble, and we\u2019re not heading for a crash. Let\u2019s connect so you can have a full picture of today\u2019s housing market in our local area.<\/p>\n<\/div>\n\n<\/body>","protected":false},"excerpt":{"rendered":"
With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what\u2019s happening with real estate today, it\u2019s important to lean on the experts for reliable information. Here\u2019s why economists and industry experts say the housing market […]<\/p>\n","protected":false},"author":1,"featured_media":3105,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[29,27,20,18,28],"class_list":["post-3104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-insight","tag-idaho-real-estate","tag-north-idaho-homes","tag-rain-silverhawk","tag-real-estate","tag-sandpoint-idaho"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t