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3 Graphs Showing Why Today’s Housing Market Isn’t Like 2008

There’s Still a Shortage of Homes on the Market Today, Not a Surplus

3 Graphs Showing Why Today’s Housing Market Isn’t Like 2008 | MyKCM

Mortgage Standards Were Much More Relaxed Back Then

3 Graphs Showing Why Today’s Housing Market Isn’t Like 2008 | MyKCM

The Foreclosure Volume Is Nothing Like It Was During the Crash

3 Graphs Showing Why Today’s Housing Market Isn’t Like 2008 | MyKCM

“The total average equity per borrower has now reached almost $300,000, the highest in the data series.”

“Very few of the properties entering the foreclosure process have reverted to the lender at the end of the foreclosure. . . . We believe that this may be an indication that borrowers are leveraging their equity and selling their homes rather than risking the loss of their equity in a foreclosure auction.”

Bottom Line

Brick & Corbett

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