With home prices rising every year, a question on many people’s minds has been, “Are we headed for another housing market crash?” For anyone who was affected by the last crash, or nearly escaped its clutches, this is a very real concern and question to be asking when we see prices rising the way they are.
However, while from the outside looking in it may appear as though things are escalating in a very similar fashion as they did ten years ago, when you look at the numbers and statistics comparatively, they are a lot different. The overall housing market is actually in a much better state than it has been in awhile and it is far better than it was when the crash occurred last time.
Recently we came across an article in Forbes magazine that will help explain the current housing situation further and perhaps ease some of the concerns we’ve all been having with this rising housing market.
Click here to read the article on forbes.com titled “Mortgage Debt Nears A Pre-Crash High, But That’s No Cause For Concern.”