Some people think our market is headed for a crash, but I’m not one of them.
First off, I hope you and your family have been staying safe and continue to do so. One question that we’ve been getting a lot lately is, “Are we headed toward another housing crash?” Here are my two cents.
As far as our real estate market is concerned, people are still moving forward with their plans to buy or sell. Many of them are now buying or selling virtually, but they’re buying and selling nonetheless.
The recession of 2008 was brought on by speculative investing and bad mortgages. Those things simply aren’t happening today. Lending guidelines are much stricter and people aren’t as crazy with their investments. There are no artificial market conditions out there.
I don’t believe we’re headed for the next great housing recession, at least not here in Myrtle Beach. If you have questions for us about anything related to real estate, or about our brand-new subdivision Rose Haven, don’t hesitate to reach out via phone or email. We would love to hear from you.