At the beginning of 2022, 45% of home sellers voiced that they strongly believed a housing bubble was imminent. Home sellers and buyers who remember the Great Recession have justifiable concerns. However, this isn’t the housing bubble of years past.

Some facts to calm your nerves:

• Mortgages aren’t structured like they were in the past. Now lenders are much stricter with who they lend to. They require higher credit scores and requirements.

• Housing Inventory remains low. Freddie Mac estimates that the nation is 3 million homes short of meeting buyer demand.

• Buyer demand is still high. People still want to buy homes.

• Real Estate is a hedge against inflation. A homeowner can lock in their monthly homeowners mortgage payment. This will keep it steady amongst any rate hikes that could happen in the future.

• This is a market correction, not a crash! A slight decrease in home prices will happen as the market readjusts from record highs.

*info based on NAR official research