Is the 2025 Housing Market the Next 2008?

Could history be repeating itself? On this episode of The Den, the Lyons Group, Paul, Ben, Aspen, and Shannon, tackle one of the most pressing questions in real estate today: Is 2025 shaping up to be another 2008-style crash? They explore national trends, local impact, and the key differences between then and now. From interest rates to inventory shortages, this episode is packed with real talk, sharp insights, and personal experience from boots-on-the-ground realtors who’ve seen it all. If you’re buying, selling, or just trying to make sense of the market, this one’s for you.

KEY TAKEAWAYS
• 2025 home sales are nearly identical to 2008, despite 50 million more Americans
• Home prices have outpaced wages dramatically, pricing out many buyers
• Dual-income households still struggle to afford homes
• Inventory shortages and low interest mortgages are keeping people in place
• Distressed sales have dropped from 45% in 2008 to just 1% in 2025
• Average days on market has dropped from 120 in 2008 to 62 now
• Lending practices are far stricter today thanks to post-crash reforms
• Builders lack incentive to create affordable housing without tax credits
• The Fed lowering rates doesn’t directly affect mortgage rates
• Real estate movement has slowed due to lack of financial flexibility

BEST MOMENTS
00:00:08. “There's been a lot of similarities drawn. A lot of people saying that there's a big crash that's coming up.”
00:02:14. “Back in 2008, there were 4.1 million homes sold. In 2025, 4.08 million.”
00:03:01. “The 2008 crash was because of poor lending practices. Right now we have very elevated home prices and higher interest rates.”
00:04:06. “Twenty years ago, even somebody right out of college or high school could buy a house. That’s not the case now.”
00:05:27. “Now the average income is $80,000 and the average home is $350,000.”
00:08:07. “Why would you choose right now to trade up if you're at a 2 or 3% interest rate?”
00:10:00. “Short sales were just left and right. You had to understand them to navigate the market.”
00:14:06. “Average 30-year mortgage is 6.17% right now in America, nearly identical to 2008.”
00:17:02. “Average days on market now is 62. That’s 50% less than 2008.”
00:27:28. “We are not in the same market as we were in 2008. We've got a lot of good things on our horizon.”

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