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There are no market similarities now compared to 2008.

Lawrence Yun is the chief Economist for the National Association of Realtors.

Overall, the fundamentals don’t point to a housing market that is operating similarly to the 2008 cycle, Yun said. While home sales are slowing, prices remain good. Also, inventory remains low, which will keep home prices elevated, Yun said. “The chance of a price crash is very small due to the lack of supply.”

We feel Real estate is still a very good long term investment. The economy has its ups and downs, investments have their highs and lows. Hopefully, inflation will come down, making housing more affordable to everyone!