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In 2008, the housing industry was spiraling out of control in the wake of the financial crisis that led to the Great Recession. For me, it doesn’t feel like very long ago that US housing prices were down 30% or more from their peaks, and more than 20% of homeowners were underwater on their mortgages.
But what a difference a bull market makes! Fast-forward to 2019, and we know the housing market didn’t just rebound; it looked stronger than ever last year. Although some feared it would only take one triggering event to derail the market again, in 2020 we’ve seen that even a global pandemic that caused havoc elsewhere