Are We Heading toward a Housing Crash?
We are a nation still scarred by the Great Recession, and nowhere is the memory of losses more evident than in the housing market. So when the pandemic threw our economy into an event-related tailspin, talk turned to whether we would enter another boom-and-bust residential real estate cycle.
Short answer: We're not.
And for the longer answer, host Wendy Ross sat down with Rick Sharga to explore the potential for a massive wave of foreclosures and evictions and analyze why this pandemic housing market is different than the recession.
Rick is one of the country’s most frequently quoted sources on real estate, mortgage and foreclosure trends. He serves as the executive vice president of RealtyTrac, a real estate information company and an online marketplace for foreclosed and defaulted properties in the United States. Every month, RealtyTrac publishes a U.S. Foreclosure Market Report closely watched by economists, real estate industry professionals and other market observers.
Learn more at realtytrac.com.
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