Homes, New Construction, and Foreclosures

3 Reasons Why We’re Not Headed for a Housing Crash

Friday Aug 02nd, 2024

Share

3 Reasons Why We’re Not Headed for a Housing Crash
 

No Caption Received

 Highlights

  • 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 homesnew 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. 

Post a comment