Ask an expert if the housing market will crash, and you’ll likely hear about a “correction” instead. While home prices have climbed steeply for the past two years, there doesn’t appear to be a stomach-churning drop waiting on the other side. In fact, home prices have already begun leveling off in some places. Mortgage lenders also have much higher standards for borrowers than they did ahead of the crash in 2008, and there simply aren’t enough homes available today to meet demand. All of these signs, for now, point to a return to more balanced conditions, rather than a devastating market collapse.
Source: MSN
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