Answering the question of whether we’re heading for a real estate crash.
Recently, I’ve received plenty of inquiries about the current state of our market. Due to what’s been happening with the Dow Jones and NASDAQ, many want to know if we’re heading toward a real estate market crash. So today I’ll be discussing the history of recent recessions in California to help me answer the question of whether I think we’ll experience a crash soon. Don’t worry; the outlook isn’t as pessimistic as it may seem.
Feel free to watch the full message above, or use these timestamps that will direct you to various points in the video:
0:00 — Introduction to today’s video
0:40 — The two most recent recessions we’ve experienced in California
3:10 — What happened in 2001 that influenced the 2007 market crash
4:55 — Why we won’t see many short sales for a while
5:45 — We still have a multitude of buyers for the low supply of homes
7:30 — So will the housing market crash?
8:05 — Wrapping up today’s topic
Feel free to call, text, email, or message me on Facebook if you have questions about our market or anything else real estate-related. I would love to help you.