If you need assistance, please call 609-780-1434

Today's Market Is Nothing Like 15 Years Ago

Monday, January 16, 2023   /   by Teresa Dipeso

Today's 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.



  north wildwood, stone harbor, wildwood crest, wildwood, avalon homes, avalon nj events, avalon realtor, beach homes, cape may, cape may court house, cape may real estate, cape may realtor, jersey shore homes for sale, middle township nj, ocean city nj, sea isle city nj, stone harbor events, stone harbor homes, wildwood crest real estate, wildwood homes, wildwood real estate, stone harbor realtor, wildwood crest realtor, wildwood realtor, north wildwood real estate, north wildwood realtor

Teresa M DiPeso & The DiPeso Group Jersey Shore Real Estate Experts
Teresa M. DiPeso
5901 New Jersey Ave
Wildwood Crest, NJ 08260
609-780-1434

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the South Jersey Shore Regional MLS. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
This site powered by CINC: www.cincpro.com
*****START GA CODE***** *****END GA CODE*****