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Comparing this housing market recession to 2008

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. There are similarities and significant differences between the housing recession we’ve seen this year versus 2008, and looking at specific factors in both timeframes gives us an idea of what to expect in 2023.

First, we must define what we mean by recession. Our general economy is not yet in a recession, but housing has been in one since the summer. For me, it’s straightforward: it’s when we see these four things details ⇒

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