Although global stock prices have taken a hit in early 2016, MarketWatch reporter Daniel Goldstein says it doesn’t necessarily mean there will be a repeat of the real estate tumble that began in 2007 and accelerated sharply following the 2008 rout of the equities market. Goldstein provides five reasons why people shouldn’t be panicking if they’re looking to buy or sell a home.
Lower interest rates, less risk of a new mortgage bubble, more help for first-time home buyers, lower oil prices, and nationwide job growth are reasons why Goldstein feels secure about the housing market.
While jobs typically are a lagging indicator of an economic downturn, the U.S. has had a slow but steady rate of job creation for the past five years. Even with weakness seen during the summer, job gains in 2015 will top 2.5 million, making it the second-best calendar year for U.S. job growth in this millennium, after last year’s 3.1 million. The last time more jobs were created in a two-year period was at the height of the dot-com boom, in 1998-1999.
the rest of his analysis, click below.