Here’s why this housing downturn is nothing like the last one
Posted on AllSides June 20th, 2022
From The Center
ANALYSIS
As quickly as mortgage rates are rising, the once red-hot housing market is cooling off. Home prices are still historically high, but there is concern now that they will ease up as well.
All of this has people asking: Is today’s housing market in the same predicament that it was over a decade ago, when the 2007-08 crash caused the Great Recession?
The short answer is: no. America’s housing market is in far better health today. That’s thanks, in part, to new lending regulations that resulted from that meltdown. Those...
Some content from this outlet may be limited or behind a paywall.