History Not Repeating: Why Today's Housing Market Won't Turn into 2008's
Today's housing fundamentals — including supply, demand and overall financial conditions — are markedly different than in 2008, and current conditions are largely sustainable.
Housing supply is extremely tight — arguably the one factor most dramatically different today from the 2008-era market, when a wave of foreclosures following years of robust homebuilding pushed supply well ahead of demand and led prices to collapse.
Demand will stay strong as the large millennial generation continues to age into homeownership, and more inventory is expected to soon hit the market — bringing more balance to the market and creating a smoother experience for everyone.
Source: Yahoo Financial