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Will the 2025 housing market crash like 2008?

Housing Wire

housing market is flashing warning signs reminiscent of 2008: rising household debt burdens, persistent inflation and home prices that are outpacing incomes. Unlike the pre-2008 era, stricter lending standards and robust regulations have kept mortgage delinquency rates low, significantly lowering the odds of a catastrophic collapse.

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Americans tapped $25B in home equity in Q1. That hasn’t happened since 2008

Housing Wire

homeowners tapped nearly $25 billion in home equity through second-lien mortgages during the first quarter of 2025 the largest volume for this period in 17 years, according to the ICE Mortgage Technology ‘s newest Mortgage Monitor report. That marks a 22% increase compared to the same quarter last year.

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Comparing this housing market recession to 2008

Housing Wire

There are similarities and significant differences between the housing recession we’ve seen this year versus 2008, and looking at specific factors in both timeframes gives us an idea of what to expect in 2023. Let’s look at the recessionary factors we see now versus 2008. First, we must define what we mean by recession.

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Credit data shows: There’s no housing crash coming

Housing Wire

This is the kind of information you need as we get close to Thanksgiving and share the dinner table with Uncle Dave who says (for the 13th year) that we’re seeing 2008 all over again. Foreclosure data The chart below shows that the 2008 housing crisis started years before the 2008 recession.

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Agents say Cape Coral’s housing market is correcting, not crashing

Housing Wire

Headlines that call Cape Coral, Florida , the “worst housing market in America” and liken it to precursors of the 2008 financial crisis have garnered discussions across the real estate industry. “What happened in 2008 was, in my opinion, mortgage fraud in the industry,” she said.

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Why purchase application data is below 2008 levels

Housing Wire

Purchase application data is now below 2008 levels! But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. It’s a first-world problem; homeowners are in perfect financial shape and control of their lives, unlike what we saw from 2005-2008.

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Housing credit data in Q4 looks nothing like 2008

Housing Wire

housing credit looks very different than in 2005, 2006, 2007 or 2008. As shown below, we saw massive credit stress in the data from 2005 to 2008, all before the job loss recession happened. This is very unlike 2008, where we had four years of credit stress building up in the system. The truth is, U.S.

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