The housing market is calmer than ever. After the horrendous recession of 2008, buyers have been wary about making large purchases. America was rocked hard during that year as many hard-working employees were laid off. Personal debt was at an all-time high and the housing market was in absolute chaos.
Although the 2008 recession was harsh, we have bounced back. In the last eleven years, the economy has gotten better. The housing market and home values have also increased. At this moment, the market is in a calm note that buyers can really appreciate. According to, Michael Rehaut, the housing market is doing much better than two years ago,
“Looking forward, we continue to point to a more mixed set of fundamentals that will probably result in the housing market recovery continuing at the more tepid pace than seen over the last 1 to 2 years, led by job growth remaining positive although decelerating, credit continuing to ease at a modest pace, affordability declining and a new home inventory rising,”.