You may have heard mortgage rates are going to stay a bit higher for longer than originally…
![](https://vantagemortgagegroup.com/wp-content/uploads/2023/03/Housing-Market-Wont-Crash.jpg)
Here’s Why the Housing Market Isn’t Going To Crash
Today’s Housing Market is different than it was in 2008.
It used to be easier to qualify for a home loan. Now, lending standards have tightened, so today’s buyers are more qualified.
![Mortgage Credit Availability how to get a home loan mortgage](https://vantagemortgagegroup.com/wp-content/uploads/2023/03/Mortgage-Credit-Availability.png)
![Mortgage Foreclosures Oregon Foreclosed Homes Washington state](https://vantagemortgagegroup.com/wp-content/uploads/2023/03/Mortgage-Foreclosures-Oregon.jpg)
As a result, the number of foreclosures has significantly declined over time.
At the same time, there is an undersupply of homes available for sale today, which helps keep prices from crashing.
![Housing Supply in Oregon Washington state supply homes for sale](https://vantagemortgagegroup.com/wp-content/uploads/2023/03/Housing-Supply-in-Oregon.jpg)
Home price gains have resulted in near-record amounts of equity, and that puts homeowners in a much stronger position.
Source: MBA, NAR, ATTOM, Federal Reserve