5 Reasons Why This Market Is Different
The supposed “housing bubble” is a hot topic in today’s real estate market. Every month, there are thousands of Google searches for related topics. Many are concerned that we’re headed for a repeat of the bubble we experienced back in 2007—but is it? I don’t believe we are in a bubble, and today I’ll share five reasons why. One reason for the 2007 real estate collapse was that many people had almost no equity in their homes. Today, the average homeowner has 60% equity in their home.