Here’s why this housing downturn is nothing like the last one
We're seeing the housing market cool after an incredibly hot stretch fueled by the pandemic. Naturally, people are asking: Is today's housing market in the same predicament that it was in 2007-08?
According to an article by CNBC, the short answer is: no. America’s housing market is in far better health today. That’s thanks, in part, to new lending regulations that resulted from that meltdown. Those rules put today’s borrowers on far firmer footing.
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