5 reasons why this market is not like it was during 2008

[Aaron Morrow]

Hey everyone! What is your take on the housing market based on these graphics? Where are we heading? Based on the data, it doesn't appear that we have the same market conditions. I know everyone is worried about what will happen with COVID-19. The 5 points of the article were:

1. Mortgage standards are nothing like they were back then.

2. Prices are not soaring out of control.

3. We don’t have a surplus of homes on the market. We have a shortage.

4. Houses became too expensive to buy.

5. People are equity rich, not tapped out.

Here is the link to the full article if you want to take a gander: 

https://www.keepingcurrentmatters.com/2020/03/16/5-simple-graphs-proving-this-is-not-like-the-last-time/?fbclid=IwAR1ypUZ_zkdq5FXivj2ewazqPHECQA-GZ7x9cGIZslb5s-AMNYz9kzjBNP0