Are you wondering if current economic events are going to cause another “Great Recession” like the one in 2007/2008? Based upon our research and factual information, we have compiled 7 reasons why this recession is not the same as the “Great Recession”.
Some topics we discuss in this video include:
- Not All Recessions Negatively Impact Housing Prices
- Mortgage standards then vs. now
- Current equity in homes
- Home price appreciation today vs. 2007/2008
- Current home inventory
- Mortgage rates
- Housing affordability
If you’re considering buying or selling real estate, contact us to see what makes the most sense for you and your situation.
About Own Boise
Own Boise isn’t just about owning real estate in Boise, although we love that people do! We believe that in order to own where you live, you must be involved in the community. That involvement can come in many different ways. Donating time, money, volunteering, teaching, coaching, leading or simply just showing up. Our team of dedicated agents wants to work with you, whether you are a buyer or seller in the market. We put our clients first. Our goal, at the end of the transaction, is to ensure you had an A+ experience with our team. Our specialized team of agents and administrative staff are here to assist you. We strive to ensure the real estate transaction is as smooth and seamless as possible, for all parties who are present. Not only the seller or buyer but also the family involved in the transaction.
Have real estate needs? Contact us at Call (208)391-5117 or fill out this contact form and we will get back to you as soon as possible!