Posts from August 29th, 2022

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Today's Housing Market | A 20,000' View

August 29th, 2022 by BHG The Masiello Group

Today's housing market conditions are truly unique and have never been seen before. The genesis of this housing cycle came about as a result of the 2008 Great Financial Crisis (GCF). The GFC and related housing crash caused a contraction in the broader housing industry and those effects are still with us today.

At that time, homeownership rates for American families were at 69%, the highest they have even been, and the annual residential resales were nearly 7 million units. This is compared to today's rates of 64% and 5 million respectively. As we can see by these numbers, this housing cycle is far off that of the GFC.

The story of today's market is about inve...

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Posts from August 29th, 2022

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