Quote:
Originally Posted by vintageogauge
There was a big difference in 2007 and a couple years earlier and that was giving loans to those that were not credit worthy which lead to mass foreclosures. That is not going on today and unless your are buying home as a investment a little drop in value shouldn't be a concern.
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Exactly, we aren’t facing a financial crisis and collapse, the market has not kept up with the demand for homes. People don’t have the short sell option they used last time. The fact is Inventory just can’t keep up with buyers because of the pandemic’s effects. Perhaps when the Fed raises the interest rates next year, prices may level off at their new highs?