It's very similar to the 1980s
/Many news articles draw parallels between today's housing market and the 2008 crisis. However, I believe a recent Fortune article accurately compares our current situation to the 1980s housing market.
In 1979, Paul Volcker faced high inflation and increased interest rates up to 18%. During the subsequent two years, home sales declined, yet home prices slightly increased. We are currently observing a similar trend in today's market. For more insights, check out the article. If you have concerns about your neighborhood or home, feel free to reach out. Happy reading!
