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Comparing this housing market recession to 2008

Housing Wire

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. A few months ago, I was asked to go on CNBC and talk about why I call this a housing recession and why this year reminds me a lot of 2018, but much worse on the four items above.

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The 2025 housing market for first-time homebuyers

Housing Wire

Homebuyers have become older and wealthier Young people are having a particularly hard time in the housing market. Its no surprise that the share of first-time homebuyers has plummeted to a historic low of 24%, down from 32% last year and far below the pre-2008 norm of 40%. 26, 2025 and hear Daryl Fairweather in person.

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This is not 2008 all over again for the housing market

Housing Wire

When you hear people say that the current housing market is like 2008 all over again, you may want to remind them of the huge differences between this market and that one. The previous economic expansion, from 2010-2019, wasn’t a housing bubble. But is it a bubble? Become a member today. Already a member?

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Why purchase application data is below 2008 levels

Housing Wire

Purchase application data is now below 2008 levels! But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. However, the housing market did run into one problem in 2020. nominal per year at most.

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The state of US homeownership: Younger buyers hold the key

Housing Wire

My housing economic model started in 2010 and I separated my work into two different timelines. One was from 2008-2019 and the other was from 2020-2024. The weaker demographics for homeownership and the disappearance of exotic loan options meant that the market couldn’t maintain such high numbers for long. from 2008-2016.

Buyers 409
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Why didn’t we see a national home-price correction in 2024?

Housing Wire

Existing home sales ended the year on a positive note , which aligns with our weekly Housing Market Tracker data, but something surprising is that home prices firmed up late in the year as well. However, housing demand surged when mortgage rates fell in the early 1980s during a recession. Also, the monthly supply is 3.3

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You survived 2008, you can conquer 2024: Navigating a changing real estate landscape

Housing Wire

The lofty home prices we’ve seen in recent months have some comparing aspects of today with those foreshadowing the housing bubble that preceded the 2008 market crash and, ultimately, what has come to be known as the Great Recession. The aftermath of the 2008 crisis led to significant attrition among real estate agents.