✉news BusinessReal Estate first seen 19 h ago, last 44 min ago, peak #6
Americans hoping for a 2008-style housing crash are out of luck
Original: Americans hoping for an ’08-style housing crash to afford a home are out of luck
Hoping-for-a-crash homebuyers received a reality check: analysts say the US is unlikely to see a repeat of the 2008 housing collapse, which would have driven prices down enough to restore affordability. Tight supply, strong homeowner equity and stricter lending standards since the financial crisis mean prices are expected to stay elevated, dashing the hopes of priced-out buyers waiting for a market rout.
Why now: Housing affordability remains a top concern for Americans, so talk of whether a crash could bring prices down is drawing wide attention.
United StatesUS housing marketNew York Post
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