Should I wait for real estate prices to crash before I buy a house? Here are 3 simple reasons why this housing downturn is nothing like 2008
Published | Written by Respace Austin
For the first time since 2008, we are headed towards a real estate crash. But here are 3 reasons why this time it wont be anything like 2008 according to article.
The News: The crash we face this time wont be anything like the 2008 crash
- Lenders aren't so flexible with their lending prices, which means fewer borrowers likely to land in hot water.
- Homeowners are doing fine, with mortgage forbearance programs allowing struggling borrowers to pause payments until they're back on their feet.
- There's still plenty of supply, there's a huge demand with a shortage of supply.
What does this mean for renters near UT Austin for August Prelease? Buy your house now, or as soon as possible can help to cushion the crash of the real estate crash, regardless of how bad it is. Ask our REspace agents to help you find a property soon.
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