• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

myHBliving

Coastal Lifestyle

  • Instant Home Value
  • Start a Home Search
  • Information Hub
    • Real Estate Blog
    • Buyer’s Guide
    • Seller’s Guide
  • Contact

Today’s Housing Market Is Nothing Like 15 Years Ago

January 11, 2023 by Megan Gullotta

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.

More Posts

Housing Market Forecasts for the Second Half of the Year

Why Some Homes Sell Faster Than Others

Stocks May Be Volatile, but Home Values Aren’t

The 20% Down Payment Myth, Debunked

Primary Sidebar

  • Facebook
  • Instagram
  • LinkedIn
  • YouTube

Categories

  • Fundraisers
  • Information Hub
  • Lifestyle
  • Local Events
  • Outdoors
  • Restaurants

Copyright © 2025 · Agent Focused Pro on Genesis Framework · WordPress · Log in

  • Email
  • Facebook
  • Instagram
  • LinkedIn
  • YouTube

Pinpoint Properties. Equal Housing Opportunity. Agent Lic. #01964682 | Office Lic. #01915697.
Privacy Policy