New Listing! FOX PARK $685,000 3000 W Fox Park Drive 4 Beds 13 Baths 2.723 sq ft Heidi Lutz & Mehdi Sepan New Listing! BERKSHIRE HATHAWAY HOMESERVICES COLORADO PROPERTIES OPEN HOUSE Saturday, March 9th! 11:00 am-2:00 pm 70.209 7235 & 970.24 1159 THE BRIDGES $629.850 2916 Sleeping Bear Road 3 Beds 2.5 Baths 1 1997 sq ft. Don Bailey, 970 209.8257 New Listing! New Price, $784,5001 RAVENS CREST $509.990 3264 Ravens Crest Drive 3 Beds 2 Baths 1,550 sq. ft. Kree Christie, 970.275 3153 WHY WE AREN'T HEADED FOR A HOUSING CRASH If your roding out hope that the housing market going to crash and bring home prices backdown, here's look at what the data shows And spoiler alert that's not in the cards instead experts say home prices are going to going up TODAY'S MARKET IS VERY DIFFERENT THAN IT WAS BEFORE THE HOUSING CRASH IN 2008. HERE'S WHY. IT'S HARDER TO GET A LOAN NOW- AND THAT'S A GOOD THING It was much easier to get a home loan during the lead-up to the 2008 nousing crisis man is today. Back then banks had different lending standards, making it easy for just about anyone to quality for a home loan or refinance an-existing one Things are different today Homebuyers face increasingly higher standards from mortgage companies. The lower the number the harder to get a mortgage. The higher the number, the e Back then, lending standards weren't as strict as they are now That means lending risttutions took on much greater rak in bom the person and the mortgage products offered around the crash. That led to mass defaults and a flood of foreclosures coming onto the market THERE ARE FAR FEWER HOMES FOR SALE TODAY. SO PRICES WON'T CRASH Because there were too many homes for sale during the housing crisis (many of which were short sales and force caused home prices to fal dramatically But today there's an inventory shortage not a surplus BOTTOM LINE THE BRIDGES $784.500 2517 Bear Lake Drive 4 Beds 12.5 Baths 12.234 sq ft The Unrein Team, 970 20999476970.596:6748 Today undo inventory sits at just a 50-month supply That's compared to the peak of 104 month's supply back in 2008 That means there's nowhere near enough mentory on the market for home prices to come crashing down they did back then many PEOPLE ARE NOT USING THEIR HOMES AS ATMS LIKE THEY DID IN THE EARLY 2000S Back in the lead up to the housing crash homeowners were borowing against the equity in their homes to france new cars boats and vacations. So, when prices started to fal as inventory rose too high many of those homeowners found themselves underwater But today homeowners are a lot more coutous. Even though prices have skyrocketed in the past few years homeowners aren't tapping into their equity the way they did back then Black Knight reports that tappable equity (the amount of equity available for homeowners to access before hitting a maximum 80% loan-to-value ratio or LTV) has actually reached an all-time high That means as a whole, nomeowners nove more equity available than ever before. And that's great Homeowners are in a much stronger position today than in the early 2000s That same report from Black Knight goes on to explan Only 1% of mortgage holders (582) ended the year underwater down from 15% 807) of this time And since homeowners are on more sold footing today they have options to avoid foreclosure That as the number of distressed properties coming onto the market And without a flood of inventory, prices won't come tumbling down While you may be hoping for something that brings prices down, that's not what the data tells us is going to happen. The most current research clearly shows that today's market is nothing like it was last time. bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond! 11 Offices and over 160 real estate brokers Call one of our trusted real estate brokers: Tren Unrein, Brian Unrein Autumn Barrett, Don Baey Jeff Kehfuss, Kree Christie, Linda Stel Makaya Cervone, Michael Scott Dosch, Heidi Lutz, Medi Sepah, and Donna Justin New Listing ! FOX PARK $ 685,000 3000 W Fox Park Drive 4 Beds 13 Baths 2.723 sq ft Heidi Lutz & Mehdi Sepan New Listing ! BERKSHIRE HATHAWAY HOMESERVICES COLORADO PROPERTIES OPEN HOUSE Saturday , March 9th ! 11:00 am - 2 : 00 pm 70.209 7235 & 970.24 1159 THE BRIDGES $ 629.850 2916 Sleeping Bear Road 3 Beds 2.5 Baths 1 1997 sq ft . Don Bailey , 970 209.8257 New Listing ! New Price , $ 784,5001 RAVENS CREST $ 509.990 3264 Ravens Crest Drive 3 Beds 2 Baths 1,550 sq . ft . Kree Christie , 970.275 3153 WHY WE AREN'T HEADED FOR A HOUSING CRASH If your roding out hope that the housing market going to crash and bring home prices backdown , here's look at what the data shows And spoiler alert that's not in the cards instead experts say home prices are going to going up TODAY'S MARKET IS VERY DIFFERENT THAN IT WAS BEFORE THE HOUSING CRASH IN 2008 . HERE'S WHY . IT'S HARDER TO GET A LOAN NOW- AND THAT'S A GOOD THING It was much easier to get a home loan during the lead - up to the 2008 nousing crisis man is today . Back then banks had different lending standards , making it easy for just about anyone to quality for a home loan or refinance an - existing one Things are different today Homebuyers face increasingly higher standards from mortgage companies . The lower the number the harder to get a mortgage . The higher the number , the e Back then , lending standards weren't as strict as they are now That means lending risttutions took on much greater rak in bom the person and the mortgage products offered around the crash . That led to mass defaults and a flood of foreclosures coming onto the market THERE ARE FAR FEWER HOMES FOR SALE TODAY . SO PRICES WON'T CRASH Because there were too many homes for sale during the housing crisis ( many of which were short sales and force caused home prices to fal dramatically But today there's an inventory shortage not a surplus BOTTOM LINE THE BRIDGES $ 784.500 2517 Bear Lake Drive 4 Beds 12.5 Baths 12.234 sq ft The Unrein Team , 970 20999476970.596 : 6748 Today undo inventory sits at just a 50 - month supply That's compared to the peak of 104 month's supply back in 2008 That means there's nowhere near enough mentory on the market for home prices to come crashing down they did back then many PEOPLE ARE NOT USING THEIR HOMES AS ATMS LIKE THEY DID IN THE EARLY 2000S Back in the lead up to the housing crash homeowners were borowing against the equity in their homes to france new cars boats and vacations . So , when prices started to fal as inventory rose too high many of those homeowners found themselves underwater But today homeowners are a lot more coutous . Even though prices have skyrocketed in the past few years homeowners aren't tapping into their equity the way they did back then Black Knight reports that tappable equity ( the amount of equity available for homeowners to access before hitting a maximum 80 % loan - to - value ratio or LTV ) has actually reached an all - time high That means as a whole , nomeowners nove more equity available than ever before . And that's great Homeowners are in a much stronger position today than in the early 2000s That same report from Black Knight goes on to explan Only 1 % of mortgage holders ( 582 ) ended the year underwater down from 15 % 807 ) of this time And since homeowners are on more sold footing today they have options to avoid foreclosure That as the number of distressed properties coming onto the market And without a flood of inventory , prices won't come tumbling down While you may be hoping for something that brings prices down , that's not what the data tells us is going to happen . The most current research clearly shows that today's market is nothing like it was last time . bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond ! 11 Offices and over 160 real estate brokers Call one of our trusted real estate brokers : Tren Unrein , Brian Unrein Autumn Barrett , Don Baey Jeff Kehfuss , Kree Christie , Linda Stel Makaya Cervone , Michael Scott Dosch , Heidi Lutz , Medi Sepah , and Donna Justin