[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2kfcriy0m2y9d":3,"$ffeh0925h8cuz":43,"$f2emv3tus0uf1":47,"$fbwk2pqjjqsc7":51},{"item":4,"previous":31,"next":37},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":29,"updatedAt":30},4497,"todays-housing-market-is-nothing-like-15-years-ago","Today’s Housing Market Is Nothing Like 15 Years Ago","There’s no doubt today’s \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2023\u002F01\u002F09\u002Fwhat-experts-are-saying-about-the-2023-housing-market\u002F\">housing market\u003C\u002Fa> 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.","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2023\u002F01\u002F10124707\u002Ftodays-housing-market-is-nothing-like-15-years-ago-KCM.jpg","There’s no doubt today’s \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2023\u002F01\u002F09\u002Fwhat-experts-are-saying-about-the-2023-housing-market\u002F\">housing market\u003C\u002Fa> 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.\u003C!--more-->\r\n\r\nIn the latest \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fsites\u002Fdefault\u002Ffiles\u002Fdocuments\u002F2022-12-13-nar-real-estate-forecast-summit-the-year-ahead-lawrence-yun-presentation-slides-12-13-2022.pdf\">\u003Cem>Real Estate Forecast Summit\u003C\u002Fem>\u003C\u002Fa>, Lawrence Yun, Chief Economist at the \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR), drew the comparisons below between today’s housing market and the previous cycle:\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2023\u002F01\u002F10123857\u002Ftoday-is-nothing-like-15-years-ago-MEM.png\">\u003Cimg class=\"aligncenter wp-image-47753\" src=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2023\u002F01\u002F10123857\u002Ftoday-is-nothing-like-15-years-ago-MEM.png\" alt=\"Today’s Housing Market Is Nothing Like 15 Years Ago | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nLooking at the facts, it’s clear: today is very different than the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F12\u002F21\u002Fwhat-to-expect-from-the-housing-market-in-2023\u002F\">housing market\u003C\u002Fa> of 15 years ago.\r\n\u003Ch4>\u003Cstrong>There’s Opportunity in Real Estate Today\u003C\u002Fstrong>\u003C\u002Fh4>\r\nAnd in today’s market, with inventory rising and \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F12\u002F14\u002Fyou-may-have-more-negotiation-power-when-you-buy-a-home-today\u002F\">less competition\u003C\u002Fa> from other buyers, there’s opportunity right now. According to \u003Ca href=\"https:\u002F\u002Fwww.linkedin.com\u002Fpulse\u002Freminder-home-prices-always-rise-over-time-david-h-stevens-cmb\u002F?trackingId=v4Fg7EqLTTCx94toGrR%2Ffw%3D%3D\">David Stevens\u003C\u002Fa>, former Assistant Secretary of Housing:\r\n\u003Cblockquote>\u003Cem>“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.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nToday’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.","\r\nToday’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.","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2023\u002F01\u002F10123857\u002Ftoday-is-nothing-like-15-years-ago-MEM.png",false,[17,21,25],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers",{"id":26,"name":27,"slug":28},7,"Foreclosures","foreclosures","2023-01-11T11:30:59Z","2023-02-03T15:33:30Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},4494,"the-truth-about-negative-home-equity-headlines","The Truth About Negative Home Equity Headlines","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2023\u002F01\u002F09130317\u002Fthe-truth-about-negative-home-equity-headlines-KCM.jpg","2023-01-10T11:30:25Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},4499,"is-it-time-to-sell-your-second-home","Is It Time To Sell Your Second Home?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2023\u002F01\u002F11104904\u002Fis-it-time-to-sell-your-second-home-KCM.jpg","2023-01-12T11:00:01Z",{"cover":44,"open":45,"shareSpread":46},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":48,"open":49,"shareSpread":50},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[52,56,57,58,59,63,67,71,75,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155,159],{"id":53,"name":54,"slug":55},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":26,"name":27,"slug":28},{"id":60,"name":61,"slug":62},8,"Infographics","infographics",{"id":64,"name":65,"slug":66},9,"Home Prices","home-prices",{"id":68,"name":69,"slug":70},11,"First-Time Buyers","first-time-buyers",{"id":72,"name":73,"slug":74},34,"Senior Market","senior-market",{"id":76,"name":77,"slug":78},35,"Mortgage Rates","mortgage-rates",{"id":80,"name":81,"slug":82},38,"Move-Up","move-up",{"id":84,"name":85,"slug":86},41,"For Sale by Owner","for-sale-by-owner",{"id":88,"name":89,"slug":90},42,"Featured","featured",{"id":92,"name":93,"slug":94},45,"New Construction","new-construction",{"id":96,"name":97,"slug":98},52,"Luxury \u002F Vacation","luxury--vacation",{"id":100,"name":101,"slug":102},53,"Rent vs. Buy","rent-vs-buy",{"id":104,"name":105,"slug":106},80,"Time-sensitive","time-sensitive",{"id":108,"name":109,"slug":110},81,"Outdated","outdated",{"id":112,"name":113,"slug":114},147,"Internal","internal",{"id":116,"name":117,"slug":118},148,"Do Not Autopost","do-not-autopost",{"id":120,"name":121,"slug":122},320,"Inventory","inventory",{"id":124,"name":125,"slug":126},321,"Agent Value","agent-value",{"id":128,"name":129,"slug":130},322,"Affordability","affordability",{"id":132,"name":133,"slug":134},323,"Buying Tips","buying-tips",{"id":136,"name":137,"slug":138},324,"Downsize","downsize",{"id":140,"name":141,"slug":142},325,"Economy","economy",{"id":144,"name":145,"slug":146},326,"Equity","equity",{"id":148,"name":149,"slug":150},327,"Forecasts","forecasts",{"id":152,"name":153,"slug":154},328,"Selling Tips","selling-tips",{"id":156,"name":157,"slug":158},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":160,"name":161,"slug":162},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]