Today’s Housing Market Is Nothing Like 15 Years Ago
Conchita Lopez January 11, 2023
Conchita Lopez January 11, 2023
There’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:
Looking at the facts, it’s clear: today is very different than the housing market of 15 years ago.
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.”
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.
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The 3-level, 4-bed, 3-bath home sits at the edge of a hillside overlooking the city.
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The post A Malibu Compound By Lake Flato, $19.75M appeared first on California Home+Design.
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Located on one of the most spectacular of sites in Lone Pine—just a few boulder-strewn acres.
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She provides trusted guidance backed by expert market knowledge and a commitment to lifelong learning. From first-time buyers to luxury sellers and multi-generational families, she delivers personalized service, strategic advice, and dedicated support to help clients achieve their real estate goals with confidence.
CONCHITA LOPEZ | CA DRE #587921
2326 Proctor Valley Rd C 102 Chula Vista, CA 91914 FINEST CITY HOMES & LOANS
