Description: Olympia Homes for Sale
by Coldwell Banker Evergreen Olympic Realty, Inc. on April 30, 2020
We are often asked how COVID-19 is affecting the current market conditions. To best share how the market has been affected we have illustrated here how our demand remains high relative to our current low supply of homes on the market.
We are truly looking at a tale of two very different markets. In 2008, we were significantly overbuilding and we had a false demand within the market with too much debt and risky loan types being sold to borrowers. We also had federal dollars used to keep banks afloat. All of these elements proved to be a recipe for disaster as we landed in the great recession.