Many people are wondering if the U.S. is headed into a recession and if the real estate market is showing signs of being like 2008. However, data is not showing the market crashing at this time! In this blog post, we will dive into factors of the housing market and data to give you an idea on housing predictions by experts!
One key factor to the housing market is inventory. Right now, we still have an undersupply of inventory in the U.S. and for the market to crash there would actually need to be an oversupply and influx of sellers wanting to put their home on the market, which numbers don’t support happening. Keeping Current Matters, a real estate blog site, shows in this graphic the inventory levels as of August 19th 2022.
Although the market is changing and there are some fears of the unknown, rest assured that as of right now, the market levels aren’t anywhere near where they were during the last market crash! There are still many home buyers searching for their dream home and people using equity from selling their home when the market was super hot just a few months ago!
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