What’s the difference between this turn of the decade vs. the last 4?

1980 - Interest rates were hovering around 11% before the rose to near 20%, causing a real estate meltdown.

1990 - The massive Savings and Loan crisis where 1,043 out of the 3,234 savings and loan associations failed. I remember this as a teen; my dad was selling hud homes. Most of these homes were abandoned at the time. Imagine walking into the smell of month-old food, no power, no water, and being handled a trash bag? Another severe blow to the real estate market. 2000 - While the Dotcom bubble burst, the real estate market was still not recovered from the ’90s, and interest rates were still as high as 8%. I know because, in 99, I purchase my first home for $107,000 at 7.75% interest rate, giving me just less than $1000 a month payment at age 20. 2010 - While we're nearing three years into the worst recession ever, we were a nation in foreclosure. We were at an all-time market high of homes on the market due to foreclosure and short sale and one of the worst economies in history. I lived and breathed bank-owned properties during this time, the difference from 1990 was I was no longer a teen and felt the pain and sadness that so many families, myself included endured during this time of hardship. 2020 - Well, a lot has changed, but it is the first turn of a decade in 4 turns that our economy is thriving, real estate has never been a better investment, and interest rates are still historically low. Housing has always recovered from 1 turn of a decade to the next, while some are sitting on the fence waiting to see a bubble others like myself are still heavily investing in real estate. I am proud to say that being a 3rd generating real estate professional, my family has been through every one of these ups and downs and stayed true to our profession. It’s honestly my passion to guide people through the ups, downs, twists, and turns real estate can throw at us. 2020 brings excellent opportunity in a thriving economy, especially here in Maricopa County, the fastest-growing county in the country. My team and I are here to serve you whether you are looking for your first home, your dream home, or to make a move to invest in real estate.