By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
85209.com85209.com85209.com
Notification Show More
Font ResizerAa
  • Live Local
    • Eat Local
    • Local Events
    • Shop Local
  • Mesa News
  • Real Estate
  • School News
  • Podcast Episodes
  • Search Homes
  • Sell My Home
  • Cash Offer for My Home
Reading: Today’s Housing Market Is Nothing Like 15 Years Ago
Share
Font ResizerAa
85209.com85209.com
  • Live Local
  • Mesa News
  • Real Estate
  • School News
  • Podcast Episodes
  • Search Homes
  • Sell My Home
  • Cash Offer for My Home
Search
  • Live Local
    • Eat Local
    • Local Events
    • Shop Local
  • Mesa News
  • Real Estate
  • School News
  • Podcast Episodes
  • Search Homes
  • Sell My Home
  • Cash Offer for My Home
Have an existing account? Sign In
Follow US
85209.com > Blog > Real Estate > Today’s Housing Market Is Nothing Like 15 Years Ago
Real Estate

Today’s Housing Market Is Nothing Like 15 Years Ago

Klaus Team
Last updated: January 11, 2023 11:30 am
Klaus Team Published January 11, 2023
Share
SHARE

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.

Contents
There’s Opportunity in Real Estate TodayBottom Line

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.

You Might Also Like

Do Elections Impact the Housing Market?

What Will It Take for Prices To Come Down?

TTRG Closes on Parcel at US60 and Signal Butte: Backyard Taco, Blackrock Coffee, Whataburger on the Way

Is a Multi-Generational Home Right for You?

Why Achieving the Dream of Homeownership Can Be More Difficult for Some Americans

Share This Article
Facebook Twitter Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Social Medias
Facebook Like
Twitter Follow
Youtube Subscribe
Telegram Follow
Popular News
Real Estate

Have Home Values Hit Bottom?

Klaus Team Klaus Team January 18, 2023
Why Now Is a Great Time To Sell Your House
Should I Sell My House This Year?
In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price
Is Homeownership Still the American Dream?
- Advertisement -
Ad imageAd image

About US

Your Community Connection
We provide local resources to our community to educate, support, and make our community stronger. Your Community Connection is a service of Klaus Team Real Estate Solutions with Real Broker. Equal Housing Opportunity.

Subscribe

Subscribe to our newsletter to get local news, market updates, and open houses in the community sent to your email.

 

Subscribe to Your Community Connection Newsletter

* indicates required
© Klaus Team Real Estate Solutions. All Rights Reserved.
Welcome Back!

Sign in to your account