Today’s market factors are nothing like what happened in 2007.
Inflation is on the rise, and so are home prices. This spring, people are paying incredibly large sums for houses, and it’s making everyone concerned. They want to know, “Are we in a bubble right now, and will it burst?” The only way to tell is to look at the data, so I want to walk through some market stats with you today.
Feel free to watch the full message or use these timestamps to browse specific topics at your leisure:
0:00 — Introducing today’s topic
1:20 — Foreclosure activity since 2005
2:30 — The moratorium on foreclosures
4:10 — Loans after exiting the forbearance program
5:00 — Home price appreciation since 1945
6:00 — What caused the last housing crash
6:50 — Differences in payments after refinancing since 2004
8:10 — Mortgage debt is not a large issue today
8:50 — All these factors come together to tell us that there is no bubble
9:40 — Wrapping up
If you have any questions, don’t hesitate to reach out to me by phone or email. I look forward to hearing from you.