When you see stories about the current housing crisis in China, you might think that the U.S. is experiencing a similar collapse. But that is not the case!

The Chinese real estate market is nothing like the U.S. market.  We’ve experienced a shortage of new construction for nearly a decade, improving demographics of buyers (Millennials, Gen X and Gen Z), very tight lending standards, historically low fixed rate mortgages, and the tightest real estate inventory and vacancy rates ever in history.

If what you’re reading in the news about the Chinese housing market has you worried about buying a home or your current home losing value, I recommend checking out this article that dives into each of these differences in more detail. Understanding what’s actually going on can help you feel more confident, make smarter choices, and find greater success in your homebuying journey!

Ready to get started?  We’re here to help!

Tim Erickson
P: (652) 451-2273
E: tim.erickson@goluminate.com
W: www.TimEricksonMortgage.com

Mark Henderson
P: (651) 398-3477
E: mark.henderson@goluminate.com
W: www.MarkHendersonMortgage.com