Housing Crisis Not Likely

Are we headed for a Housing Crisis?

History shows recession does not equal a housing crisis. Let’s take a look at some numbers:

Some Highlights

• It’s important to understand history proves an economic slowdown does not equal a housing crisis.
• In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice – minimally in the early 90s and then by nearly 20% during the housing crash in 2008.
• If you have questions, reach out to Northwoods Community Realty to discuss why today’s housing market is nothing like 2008.

Yes, there are reasons to proceed with caution in today’s housing market. That is why it is so important to work with a licensed real estate agent. You need someone in your corner who knows the market, who knows the possible pitfalls that can happen during a real estate transaction, and who knows how best to protect your interests.