• Carmen Hobson

The State of Real Estate




With rumors flying that the real estate market is going to crash like it did in the mid-2000’s, it feels important to share the differences between that situation and our current real estate market. It’s human nature to try to forecast the future, so enjoy the below article and derive your own thoughts and predictions from its content.

And, have a great summer!


Carmen Hobson

Broker/Owner

Touchstone Real Estate

Whitefish,Montana



Here’s why this housing downturn is nothing like the last one - CNBC


"As quickly as mortgage rates are rising, the once red-hot housing market is cooling off. Home prices are still historically high, but there is concern now that they will ease up as well.


All of this has people asking: Is today’s housing market in the same predicament that it was over a decade ago, when the 2007-08 crash caused the Great Recession?


The short answer is: no. America’s housing market is in far better health today. That’s thanks, in part, to new lending regulations that resulted from that meltdown. Those rules put today’s borrowers on far firmer footing.


For the 53.5 million first lien home mortgages in America today, the average borrower FICO credit score is a record high 751. It was 699 in 2010, two years after the financial sector’s meltdown. Lenders have been much more strict about lending, much of that reflected in credit quality."






Carmen is a full-time Broker who provides an exceptional level of service to her clients. She is warm and approachable, and her conversational style will make you feel at ease right away. In today’s climate of “cold business”, Carmen is a welcome change. She not only becomes a trusted advisor and friend to her clients, but sincerely cares about the outcome of their real estate ventures.


Carmen moved to the Flathead Valley in 2007, beginning her real estate career in 2008. With an extensive background in sales, Carmen quickly rose to become one of the top producing agents in her original broker. She was the number one sales agent several years running and remains a top producing agent today.




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