https://lasvegassun.com/news/2020

Freddie Mac, Fannie Mae, Lehman Brothers were brought to it’s knees during 07-08….Known as the global financial crisis. The government took over and it became difficult to borrow money to purchase a home which caused a domino effect into the housing market causing it to crash. With the collapse of the stock exchange and because they are related banks brought the housing market down. This article in the Las Vegas Sun states that we have nothing to worry about with the current stock market drop. The panic comes from the corona virus and a the crude oil prices dropping. Crude oil prices dropped due to Russia and Saudi Arabia conflict and a travel ban from President Trump.  The Corona virus and oil do not directly affect the housing market like the banks do. The current pandemic will not crash the housing market like 2008