Analyzing the 2008 vs 2022 Real Estate Market: What Went Wrong? What Was Better?

A detailed analysis of the 2022 Housing Market and why the real estate market didn’t crash like it did from 2006 to 2008. There are significant differences between the 2022 and 2008 housing market crash. One of those differences was the number of foreclosures in 2008 vs today. There are virtually no foreclosures today and in 2008 almost 40% of all homes for sale in Las Vegas were bank owned Foreclosures.

The much anticipated housing bubble turned out to be nothing and there wasn’t a real estate crash, just a correction of home prices. Predictions for 2023 are that home prices will moderate and interest rates will start to drop to align with declining inflation. The housing crash of the 2008 great financial crisis had numerous factors that just don’t exist today.

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