3 reasons we’re not in a housing emergency – an official.

February 20, 2024
1 min read


– Despite concerns about a housing crisis, there are three key reasons why we aren’t in one according to James B. Lockhart III
– Lockhart highlights that one reason is due to stricter lending standards compared to the 2008 financial crisis

James B. Lockhart III, a key figure in the 2008 financial crisis, discusses three reasons why the current housing market is not in a crisis. While acknowledging that there is a housing shortage, Lockhart emphasizes that the lending standards are stricter today compared to the early 2000s. He also points out the heavy leverage of Fannie Mae and Freddie Mac during the previous crisis, and the lack of vast underwater mortgages in today’s market. However, Lockhart stresses the need for a more comprehensive view of the housing market to address underlying issues and prevent crisis moving forward.

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