2 Reasons Why the Housing Market Won’t Crash

Are you among those who fear a housing crash is just around the corner? It’s a common worry these days. I’ve found some data from NAR comparing the market conditions during the 2008 housing crash to today’s market situation, and it shows a different scenario, making today’s conditions much more favorable. Back then, we had a high unemployment rate and an oversupply of homes in the market. Still doubtful? I’ll share the data I’ve found and the real state of our housing market in my latest video and what this means for you as a buyer or a seller. Timestamp: 0:00 — Why the housing market won’t crash 0:34 — Market 2024 vs. 2008 0:45 — Oversupply of homes 1:00 — Supply and demand 1:13 — Current supply stats 1:53 — Unemployment rate 2:23 — Stability in today’s market 2:34 — Wrap up 2:39 — Reach out to me Learn More: https://fingerlakesrealestatereports.... #VickiSchamel #MarketCrash #HomeSupply -- ✨ABOUT US✨ The decision to buy or sell a home shouldn’t be made lightly. Here at The Vicki Schamel Team, we want to help make that decision easier by providing you with relevant, educational information about real estate in the Southern Tier and Finger Lakes area, and the real estate market, right here on our YouTube channel. Whether you’re looking for helpful tips about buying a home, selling a home, or the latest market statistics, we’re here to bring that information together all in one place. We have a passion for helping homebuyers and home sellers achieve their goals and we’d love to talk to you about how we might help you achieve yours. If you have any real estate-related questions for us, don’t hesitate to reach out to us via phone or email today. 🏡Looking to buy a home? Search all homes for sale here: https://www.vickischamel.kw.com 🏡Looking to sell your home? Find out the value here: https://www.schamel-home-value.paperf... Watch Next ►    • Buying a Home in the Southern Tier Q & A      • Selling a Home in the Southern Tier Q...   FOLLOW ME ON SOCIAL MEDIA 👉 ✨Facebook:   / vickischamelfingerlakes   ✨Instagram:   / vickischamelrealtor   ✨LinkedIn:   / vickischamel   ✨Twitter:   / vschamel   Vivian "Vicki" D Schamel The Vicki Schamel Team Keller Williams Realty Southern Tier & Finger Lakes 607-795-2904 [email protected] vickischamel.kw.com