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The Outcome of The Housing Crash

Towards the end of last year, I wrote a few times about the fact that we have pretty much fully-recovered from the ’08 crash. In fact, some might argue that we’re in a bubble again, or at least very close. But we don’t often look at (or hear in the news about) what the long-term impact of the housing crash was, and who was most impacted. It’s probably a surprise to absolutely no one that there are far more renters in the market today than home owners. But exactly who got hit the hardest may surprise you quite a bit — mostly wealthy men.

 

Impact

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NMLS ID#: 71222

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Jeffrey Halbert - First Home Mortgage
3240 Ferry Landing Road
Suite 201
Dunkirk, MD 20754

Phone:
(301) 327-5803

Fax:
(443) 725-9080

This is not a commitment to lend. Terms and conditions of programs, products and services are subject to change. All loans are subject to credit approval and property appraisal. Certain restrictions may apply on all programs. First Home Mortgage Corporation of America, First Home Mortgage Services, and First Home Mortgage Company of Maryland are d/b/a's of First Home Mortgage Corporation. First Home Mortgage Corporation is licensed in Connecticut, Delaware, District of Columbia, Florida, Georgia, Indiana, Kentucky, Maine, Maryland, Massachusetts Mortgage Lender and Broker (Lic. #MC71603), Michigan, New Hampshire, Licensed by the New Jersey Department of Banking and Insurance, North Carolina, Pennsylvania, Rhode Island Licensed Lender and Broker, South Carolina, Tennessee, Vermont, Virginia, West Virginia. Equal Housing Lender. First Home Mortgage Corporation NMLS ID #71603 (www.nmlsconsumeraccess.org). Privacy Policy.