5 reasons a 2009-style real estate meltdown is unlikely now
When it comes to the volatility of the stock market, you may lose your shirt, but you probably won’t lose your home. That’s because real estate tends to be a life raft for investors seeking safety amid volatility when equity markets are expected to turn south.
“Real estate is Americans’ preferred investment for money that they won’t need for at least 10 years and that hasn’t changed,” said Greg McBride, chief financial analyst with New York-based Bankrate.com. “Nervous investors always look to real estate rather than shy away from it in times of volatility.”
But a repeat of the 2009 real estate crash that followed the 2008 rout of the equities market is more unlikely this time. Here’s why you shouldn’t be panicking if you’re looking to buy or sell a home:
