Listed Simply Blog

LIsted-Simply-with-Background-Circle-Logo

800-995-5879

support@listedsimply.com

8am to 8pm PST M-F

10am to 3pm PST Sat | Closed Sunday

Table of Contents

Today’s Housing Market Is Nothing Like 15 Years Ago
Today’s Housing Market Is Nothing Like 15 Years Ago Simplifying The MarketThere’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences.

In the latest Real Estate Forecast Summit, Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), drew the comparisons below between today’s housing market and the previous cycle:

Today’s Housing Market Is Nothing Like 15 Years Ago | Simplifying The Market

Looking at the facts, it’s clear: today is very different than the housing market of 15 years ago.

There’s Opportunity in Real Estate Today

And in today’s market, with inventory rising and less competition from other buyers, there’s opportunity right now. According to David Stevens, former Assistant Secretary of Housing:

“So be advised…this may be the one and only window for the next few years to get into a buyer’s market. And remember…as the Federal Reserve data shows…home prices only go up and always recover from recessions no matter how mild or severe. Long term homeowners should view this market…right now…as a unique buying opportunity.”

Bottom Line

Today’s housing market is nothing like the real estate market 15 years ago. If you’re a buyer right now, this may be the chance you’ve been waiting for.

Powered by WPeMatico

  • About Listed Simply

    Listed Simply has been helping homeowners sell their homes for a flat fee since 2013. From do it your self options to full agent support, we're here to help you save during the sale of your home.

  • Want To Sell, But Don’t Know Where To Start? Download Our Free Book

    No talking to anyone, just get the book...

  • Sell Your Home For a Flat Fee, No Commissions, No Hidden Fees.

  • List On The MLS For Only $149.

  • Recent Posts