A lot can change in a decade. That said, there’s been a lot of talk about how our current market compares to what we saw 10 years ago. But how similar are these two periods of time, really? Today, we’ll be highlighting a few of the differences between the 2008 and 2018 real estate markets.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure:
00:23 - An introduction to today’s topic.
00:48 - The first difference between 2008 and 2018: the level of demand.
“Is our market really that similar to what we saw in 2008? Let’s find out.”1:41 - The second difference between 2008 and 2018: The level of inventory.
3:02 - How loan products and lending standards from 2008 compared to those this year.
4:53 - The truth about recent appreciation.
5:42 - The difference between homeownership rates in 2008 and 2018.
6:57 - How buyers’ mindsets have changed.
8:34 - The main reason we won’t see a housing bubble burst like we did in 2008.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.