Waiting on the Housing Market to Crash? Don’t, Experts Say. Here’s How Today’s Market Is Different From the Great Recession Housing Bubble

Jon Reed 

April 6, 2022 

Home prices are higher than they’ve ever been, and they show no signs of stopping. 

The median U.S. home listing price was $405,000 in March 2022, the first time it’s broken the $400,000 price threshold, according to data from Realtor.com. That is an increase of 26.5% over two years. 

Homebuyers might see similarities between what’s happening today and the 2006 housing market where home prices became increasingly unaffordable until the bubble burst, helping trigger the worldwide financial crisis we came to call the Great Recession.

Stressed-out buyers might be thinking these high prices are a bubble just waiting to pop again. In fact, 77% of homebuyers believe there’s a bubble where they live, according to a recent Redfin survey. 

https://time.com/nextadvisor/mortgages/mortgage-news/dont-wait-to-buy-a-home/?fbclid=IwAR0VS1BB71yhBO9-5M-SvsULnTcrjoe4EZJw3V-J6FfzJ1nm9U1O7l0GJzQ