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Here’s Why the Housing Market Isn’t Going To Crash

Today’s Housing Market is different than it was in 2008.

It used to be easier to qualify for a home loan.  Now, lending standards have tightened, so today’s buyers are more qualified.

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Foreclosed Homes Washington state

As a result, the number of foreclosures has significantly declined over time.

At the same time, there is an undersupply of homes available for sale today, which helps keep prices from crashing.

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Homeowner equity savings

Home price gains have resulted in near-record amounts of equity, and that puts homeowners in a much stronger position.

Source: MBA, NAR, ATTOM, Federal Reserve

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