Not a Crash: 3 Graphs That Show How Today’s Inventory Differs from 2008
And while this varies by regional market, nationally, the present months’ supply is well below the norm, and even further below what we saw throughout the crash. The orange on the chart reveals the overbuilding that took place in the lead-up to the crash. Stock levels aren’t anywhere near where they ‘d need to be for costs to drop substantially and the real estate market to crash.
That crash impacted the lives of numerous individuals, and numerous now live with the worry that something like that might occur once again. And while this varies by local market, nationally, the existing 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. Inventory levels aren’t anywhere near where they ‘d need to be for rates to drop significantly and the housing market to crash. The market doesn’t have adequate readily available homes for a repeat of the 2008 real estate crisis– and there’s nothing that suggests that will alter anytime quickly.