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2022 Homebuyers Are Better Protected Than House Hunters During 2008 Bubble

Pro Builder

2022 Homebuyers Are Better Protected Than House Hunters During 2008 Bubble. Today's homebuyers are backed by high credit scores and more disposable income, and few are dependent on risky adjustable-rate mortgages which led to the 2008 bubble and subsequent bust. Mon, 05/16/2022 - 10:35.

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Robert Shiller Predicted the Housing Bubble and Bust of 2008. Here’s His Take on the 2022 Market

Pro Builder

Robert Shiller Predicted the Housing Bubble and Bust of 2008. Americans are also less debt-burdened than they were in 2007, when many buyers turned to subprime mortgages to purchase homes. Mortgage debt service payments accounted for 7.2% Here’s His Take on the 2022 Market. Tue, 08/09/2022 - 10:27.

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A Housing Slowdown Is Underway, but This Downturn Is Nothing Like the Last One, Experts Say

Pro Builder

The housing market is finally cooling off after a mid-pandemic hot stretch, but today's market is much more stable than the bubble and bust buying landscape of 2008.

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Millennial Buyers Are Flooding the Housing Market

Pro Builder

Burdened by student debt and with career paths sidelined by the 2008 financial crisis and housing-market collapse, many millennials lacked the savings for a down payment in their 20s. The financial stakes could scarcely be higher for millennials, who have faced a wide wealth gap with previous generations.

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The Causes and Implications of Fast Rising House Prices

Pro Builder

The average national leverage of a single-family home (mortgage debt divided by the market value of the home) is extremely low at only 34 percent and risky products (e.g. mortgages with teaser rates) have been kept to a very small share of the market (well under 5 percent) by post-2008 financial reforms. Read More. .

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Gen Z May Surpass Millennials in the Homeownership Race—Here’s Why

Pro Builder

Because of their negative experiences, millennials questioned if they needed to own a home, avoiding taking on debt and making equity investments, Ben-Shabat said. Gen Z is no stranger to financial difficulties or challenges because they [lived through] the peak of the 2008 recession," Ben-Shabat continued.

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Financial Difficulties Drag U.S. Household Formation Down

Pro Builder

First, massive amounts of savings and equity were lost in the 2008 financial collapse and subsequent foreclosure crisis, impacting the ability of both older generations to retire and younger ones to shield their children from substantial college debt.

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