October 2025NextHome Blue SkiesCatawba • Caldwell • Burke • Alexander • Lincoln • IredellLocal events, market snapshot, and ways we can help this month.Questions about,
Today's Housing Market Is Nothing Like 15 Years Ago
Dated: January 16 2023
Views: 28
Today’s Housing Market Is Nothing Like 15 Years Ago
There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences.
In the latest Real Estate Forecast Summit, Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), drew the comparisons below between today’s housing market and the previous cycle:
Looking at the facts, it’s clear: today is very different than the housing market of 15 years ago.
There’s Opportunity in Real Estate Today
And in today’s market, with inventory rising and less competition from other buyers, there’s opportunity right now. According to David Stevens, former Assistant Secretary of Housing:
“So be advised…this may be the one and only window for the next few years to get into a buyer’s market. And remember…as the Federal Reserve data shows…home prices only go up and always recover from recessions no matter how mild or severe. Long term homeowners should view this market…right now…as a unique buying opportunity.”
Bottom Line
Today’s housing market is nothing like the real estate market 15 years ago. If you’re a buyer right now, this may be the chance you’ve been waiting for.
Becky Petree
Becky Petree is a trusted real estate professional serving Catawba, Caldwell, Burke, Alexander, Lincoln, and Iredell Counties in North Carolina. As part of NextHome Blue Skies, she specializes in resi....
Latest Blog Posts
If you’ve been skipping over newly built homes in your search, you might be doing so based on outdated assumptions. Let’s clear up a few of the most common myths, so you don’t miss
Cutting out the agent might seem like a smart way to save when you sell your house. But here’s the hard truth.Last year, homes that sold with an agent went for almost 15% more
Are you thinking about selling your house? Some common mistakes today can make the process more stressful or even cost you money.Fortunately, they’re easy to avoid, as long as you know what to
Canopy MLS® Copyright ©2026 All rights reserved.
