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

<article class="post-1142990 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-1142990"><span class="entry-date">August 2, 2024</span><div class="entry-header center-block text-center"><h1 class="entry-title">3 Reasons Why We’re Not Headed for a Housing Crash</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=3+Reasons+Why+We%E2%80%99re+Not+Headed+for+a+Housing+Crash&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2F3-reasons-why-were-not-headed-for-a-housing-crash%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div><img alt="3 Reasons Why We’re Not Headed for a Housing Crash Simplifying The Market" decoding="async" loading="lazy" src="https://media.agentaprd.com/sites/222/20240802-Heres-Why-Were-Not-Heading-For-A-Housing-Crash-KCM-Share-original.webp" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width=""/>
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<h3>Some Highlights</h3>
<ul>
<li>Back in <a href="https://www.simplifyingthemarket.com/2024/07/08/not-a-crash-3-graphs-that-show-how-todays-inventory-differs-from-2008/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">2008</a>, there was an oversupply of homes for sale. Today, there’s an <a href="https://www.bankrate.com/real-estate/is-the-housing-market-about-to-crash#prices" rel="noopener noreferrer" target="_blank">undersupply</a>. The three main sources of inventory show this isn’t like the last time.</li>
<li><a href="https://www.nar.realtor/topics/existing-home-sales" rel="noopener noreferrer" target="_blank">Existing homes</a>, <a href="https://www.census.gov/construction/nrc/current/index.html" rel="noopener noreferrer" target="_blank">new homes</a>, and <a href="https://www.attomdata.com/news/most-recent/u-s-foreclosure-activity-increases-quarterly-in-q1-2024/" rel="noopener noreferrer" target="_blank">foreclosures</a> are all way below the levels we saw during the housing crash.</li>
<li>Inventory data shows there just aren’t enough homes available to have a repeat of what happened back in 2008. </li>
</ul>
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