3 Reasons Why We’re Not Headed for a Housing Crash

In this Article...

As residents of Charleston, South Carolina, it's important to stay informed about the housing market. Despite concerns, we are not heading for a housing crash. Unlike 2008, today's market faces an undersupply of homes. Key indicators such as existing homes, new builds, and foreclosures remain well below the levels seen during the last crash. This limited inventory suggests stability rather than a looming downturn.

3 Reasons Why We’re Not Headed for a Housing Crash

Some Highlights

• Back in 2008, there was an oversupply of homes for sale. Today, there’s an undersupply. The three main sources of inventory show this isn’t like the last time.
• Existing homes, new homes, and foreclosures are all way below the levels we saw during the housing crash.
• Inventory data shows there just aren’t enough homes available to have a repeat of what happened back in 2008.