Not a Crash: 3 Graphs That Show How Today’s Inventory Differs from 2008
And while this differs by regional market, nationally, the existing months’ supply is well listed below the norm, and even further below what we saw during the crash. The orange on the graph reveals the overbuilding that happened in the lead-up to the crash. Stock levels aren’t anywhere near where they ‘d require to be for costs to drop considerably and the housing market to crash.
That crash impacted the lives of numerous individuals, and numerous now live with the worry that something like that could happen once again. And while this varies by regional market, nationally, the present months’ supply is well below the norm, and even further listed below what we saw during the crash. The orange on the chart shows the overbuilding that took place in the lead-up to the crash. Stock levels aren’t anywhere near where they ‘d require to be for prices to drop significantly and the real estate market to crash. The market doesn’t have sufficient offered homes for a repeat of the 2008 housing crisis– and there’s nothing that suggests that will change anytime soon.