An oversupply of homes for sale in 2008 showed that we were in a very strong buyer's market. That's in contrast with today, as there is an undersupply, which keeps us in our long state of being in a seller's market.
Three main sources of inventory show this isn’t like the last time: Existing homes, new homes, and foreclosures. These are all way below the levels we saw during the housing crash.
Inventory data shows there just aren’t enough homes available to have a repeat of what happened back in 2008.
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