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June 27, 2022

Why the housing market might (or might not) crash

  • The housing market today is undoubtedly very different from back in 2008.
    • By MARK PATRICK
    Wealth of Geeks

    The housing market is heading into waters not charted in decades. We haven't had to deal with several factors at play in a long time, including high inflation, rising interest rates, low supply, and rapidly increasing home prices. All of these factors beg the question, will the housing market crash?

    Like the stock market, everyone has predictions about what will happen over the next few years, but really nobody knows. For example, looking back at the 2008 housing bubble, the issues resulting in the recession seem obvious today in hindsight. However, in the moment, almost nobody saw the housing market crash coming. At least not to the severity, which almost brought down the entire economy.


     
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