Ep. 210 - Housing Crash: Why 2024 is NOT 2008

Why Are Distressed Sellers and Inventory Waves Critical for a Housing Crash?

In episode 210, Quinton Harris dives deep into the essential components needed for a housing market crash, focusing on two critical elements: distressed sellers and waves of inventory. Through detailed analysis of foreclosure data, bankruptcy trends, and current market conditions, this episode provides concrete evidence why today's market fundamentally differs from the 2008 crash scenario.

Through research, charts and data from Housing Wire, Quinton systematically dismantles popular social media narratives about an impending housing crash. He shares statistics about home equity positions, mortgage-free properties, and historically low foreclosure rates, offering valuable insights for first-time homebuyers and real estate professionals who need facts to combat fear-based market predictions.

[00:00] - Introduction and Episode Overview
[01:58] - Understanding Distressed Sellers and Market Dynamics
[05:25] - Historical Foreclosure and Bankruptcy Data Analysis
[07:25] - Current Inventory Levels vs. Historical Trends
[12:33] - Equity Positions in Today's Market
[16:18] - Concluding Thoughts on Market Stability

Key Quotes:

"98.3% of homeowners have an equity position in their home in America right now." - Quinton Harris

"Aren't you always buying at the peak though?" - Alex Stewart (quoted by Quinton)

"For a home price crash to take place, you got to have distressed sellers...You got to have a wave of inventory. These variables have to be there." - Quinton Harris

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