Understanding the dynamics and implications of that bursting period in 2008 that began with a housing bubble, it becomes critical for homebuyers in today’s housing market what to decide. Despite the corona virus pandemic, housing prices have been on the rise again since the housing bubble burst in 2008, and some economists believe that the nation could experience another possible bursting of real estate bubble in a year or two.
Going back to my research of Freddie Mac’s Contractual Obligations by Year at December 31, 2007, the Total Specified Contractual Obligations in FUTURE YEAR 2008 was $362.5 billion compared to $64.2 billion Total Specified Contractual Obligations in YEAR 2007 of Freddie Mac. In my opinion, this was a sign of bursting of the real estate bubble because a difference of $298.3 billion was abnormal. Fast-forward in Year end of 2022 or 2023, if the Total Specified Contractual Obligations in FUTURE YEAR 2022 or FUTURE YEAR 2023 will be $200 billion or more, this will be a sign that the real estate
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