This is a health crisis, not a housing crisis. Equity levels across the country and in our region are incredibly secure. This crisis is unlike the housing crisis of the 2008 Great Recession where homeowner equity was very low based on high-risk loans. Homeowners will not up and walk away from their homes as they did during the Great Recession because the positive equity equals a strong asset. I know these are uncertain times. It is our goal to help keep my clients informed. Please reach out if you’d like to discuss how COVID-19 relates to the housing market. Review the numbers nationally, and for King and Snohomish counties! If you have questions about your home value, please contact us.