Three reasons why we are not heading for a real estate crash

In 2008, there was an oversupply of homes for sale. Today, there is an undersupply. All three major sources of inventory show that it is not like last time. Existing homes, new homes, and foreclosures are all well below the levels we saw during the housing crisis. The inventory data shows that there are simply not enough homes available for a repeat of what happened in 2008.