Source: The Motley Fool —
Aside from the Great Recession, the last major housing crash was in the 1930s and 1940s during World War II. Crashes are far less common than many think, but the recent scar of the Great Recession has left many worried that we are in a housing bubble after several years of record growth in home prices.
As housing data continues to roll in, it’s becoming blatantly clear that the real estate market is cooling down. The verdict is still out as to whether or not a housing market crash will follow, but those who are concerned can rest easy knowing these three things.