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Housing Experts Say This Isn’t a Bubble

July 14, 2022 By Tami Savage

Housing Experts Say This Isn’t a Bubble

With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what’s happening with real estate today, it’s important to lean on the experts for reliable information.

Here’s why economists and industry experts say the housing market is not a bubble ready to pop.

Today Is Nothing Like 2008

The 2008 housing crash is still fresh in the minds of many homebuyers and sellers. But today’s market is different. Odeta Kushi, Deputy Chief Economist at First American, says:

“This is not the same market of 2008. . . . It’s no secret the housing market played a central role in the Great Recession, but this market is just fundamentally different in so many ways.”

Natalie Campisi, Advisor Staff for Forbes, explains how today’s lending standards are different than those during the lead-up to the housing market crash:

“Among the differences between today’s housing market and that of the 2008 housing crash is that lending standards are tighter due to lessons learned and new regulations enacted after the last crisis. Essentially, that means those approved for a mortgage nowadays are less likely to default than those who were approved in the pre-crisis lending period.”

Another reason today’s housing market is nothing like 2008 is that the number of people looking to buy a home still outweighs the supply of homes for sale. As realtor.com notes:

“. . . experts don’t believe the market is in a bubble or a crash is in the cards, like during the Great Recession. The nation is still suffering from a housing shortage that has reached crisis proportions at a time when many millennials are reaching the age when they start to consider homeownership. That’s likely to keep prices high.”

Bottom Line

Experts say the housing market isn’t a bubble, and we’re not heading for a crash. Let’s connect so you can have a full picture of today’s housing market in our local area.

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I help homeowners sell their existing home and shift into a home more suitable to their needs in the North Metro Atlanta area (specifically around Cumming, Canton, & Milton). Read More…

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The market has been on a roller coaster lately.  Super excited about the mortgage rate drop on August 4, 2022.  So we'll take a moment to look at 
• the mortgage rates week-to-week, 
• review the latest data from NAR on pending and existing home sales, and
• see/hear what some of the experts have stated.

Digital Business Card: https://tamisavage.com/bc  (so you can reach out, find me on social media platforms, and more)
National Housing Market Update August 2022
YouTube Video UCje-ynLSmvEYv1nXUpNTiMw_rnqzfAO8BRw
Don't let inflation delay your homebuying plans. Let's connect so you can start the process today.

Source for Data in Video: https://apnews.com/article/key-inflation-report-highest-level-in-four-decades-c0248c5b5705cd1523d3dab3771983b4
How Homeownership Can Help Shield You from Inflation
YouTube Video UCje-ynLSmvEYv1nXUpNTiMw_AROdzHn8CQw
Want to know if we’re in a housing market correction right now? 🏡  Check out the video to see what the experts say.  (Decided to do something a bit different and certainly more fun.  Went to Poole's Mill Park (Ball Ground, GA) to shoot this housing market update video.)

🤝 I'm here to help with your real estate goals, so reach out if there's anything I can do.

For more information:
📱   Cell:  (770) 744-2524
☎️ Office:  (888) 959-9461 x2543
📧  tami@tamisavage.com
🌐 www.tamisavage.com


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I'm Tami Savage, a local Realtor® with eXp Realty in Cumming, GA. We lived on the southside of Metro Atlanta in Fayette County, GA (Peachtree City & Fayetteville) for 19 years then moved away for about 5 years.  Georgia recently called us home, we bought a house in west Forsyth this past Winter.  Excited to get to know the area, community, businesses around, and more.  

My goal is to present helpful information with an emphasis on the Real Estate market (of course) but also highlighting Cumming, Canton, Ball Ground, Milton/Alpharetta, and surrounding areas.  

Hit the subscribe button to get real estate info every week. 

Want more info ... 
check out my digital business card:   https://tamisavage.com/bc

📱   Cell:  (770) 744-2524
☎️ Office:  (888) 959-9461 x2543
National Housing Market Update for end of July 2022
YouTube Video UCje-ynLSmvEYv1nXUpNTiMw_vl9R6_iverE
Want to know what the future holds for rates, prices, and inventory? Let's connect so you have a trusted advisor to answer your housing market questions.

Sources for Data in Video
• https://www.marketwatch.com/picks/until-inflation-peaks-mortgage-rates-wont-either-we-asked-3-economists-and-real-estate-pros-will-mortgage-rates-climb-higher-this-summer-01655941487
• https://twitter.com/RDC_Economics/status/1542511111852793857
• https://www.bankrate.com/real-estate/housing-market-predictions/
Expert Insights on Where the Housing Market Is Heading
YouTube Video UCje-ynLSmvEYv1nXUpNTiMw_HYD_ew9qnzM
Today's market is at a turning point. Let's connect so you have an expert in your corner when you sell your house.
Lean on a Real Estate Expert When You Sell in Today's Shifting Market
YouTube Video UCje-ynLSmvEYv1nXUpNTiMw_2Cqf4nsDEuQ
Getting pre-approved is a great opening play as a homebuyer. Let's connect so you have a strategy in place that helps you feel confident in your home search.
Pre-Approval Is a Strategic Move When You're Buying a Home
YouTube Video UCje-ynLSmvEYv1nXUpNTiMw_4kbQ0EiCroQ
Is it a good idea to buy a house now? 💰🏡

Check out the video to see what the experts say and see the mortgage changes throughout 2022 so far. 📈

🤝 I'm here to help with your real estate goals, so reach out if there's anything I can do.

For more information:
📱   Cell:  (770) 744-2524
☎️ Office:  (888) 959-9461 x2543
📧  tami@tamisavage.com
🌐 www.tamisavage.com


-------------------------------------------------------------------


I'm Tami Savage, a local Realtor® with eXp Realty in Cumming, GA. We lived on the southside of Metro Atlanta in Fayette County, GA (Peachtree City & Fayetteville) for 19 years then moved away for about 5 years.  Georgia recently called us home, we bought a house in west Forsyth this past Winter.  Excited to get to know the area, community, businesses around, and more.  

My goal is to present helpful information with an emphasis on the Real Estate market (of course) but also highlighting Cumming, Canton, Ball Ground, Milton/Alpharetta, and surrounding areas.  

Hit the subscribe button to get real estate info every week. 

Want more info ... 
check out my digital business card:   https://tamisavage.com/bc

📱   Cell:  (770) 744-2524
☎️ Office:  (888) 959-9461 x2543
National Housing Market Update for mid-July 2022
YouTube Video UCje-ynLSmvEYv1nXUpNTiMw_Dqc2-H0E9mU
For the next five years, experts say home prices will continue to rise. Let's connect if you're ready to invest in homeownership and grow your wealth.

Sources used for data:
https://pulsenomics.com/surveys/#home-price-expectations
Home Price Appreciation Helps Build Your Wealth
YouTube Video UCje-ynLSmvEYv1nXUpNTiMw_C8vHJlhf4q0
Americans rank homeownership as the top sign of financial success. Let's connect if you're dreaming of buying a home this year.

Read the article: https://tamisavage.com/more-americans-choose-real-estate-as-the-best-investment-than-ever-before/

Sources used for data:
https://www.bankrate.com/mortgages/homeownership-remains-centerpiece-of-american-dream/
Homeownership Is Still the American Dream
YouTube Video UCje-ynLSmvEYv1nXUpNTiMw_DhSRSEbnze8
Load More... Subscribe

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DISCLAIMER: The information contained, and the opinions expressed, on this site are NOT intended to be construed as investment advice. Tami Savage LLC does NOT guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should ALWAYS conduct your own research and due diligence and obtain professional advice before making any investment decision. Tami Savage LLC will NOT be liable for any loss or damage caused by your reliance on the information or opinions contained herein.