A lot of people are concerned about a potential housing crash because of the COVID-19 situation and the effect it's had on the stock market this month. These are some interesting stats that explain why it's not going to create a housing crash and what's
different in today's market compared to 2008.
What we're seeing in the market today is very similar to what happened after the Dot-com bubble and 9/11. The same parts of the economy are getting hit ─ airlines, leisure, hospitality, restaurants, entertainment ─ consumer discretionary services
Even though there was a 50% drop in the S&P 500 during 2000-2002, housing prices still appreciated 6-8% during those years. Home prices dropped during the economic recession in '08 because it was a recession primarily caused by a housing and mortgage
crisis, which was driven by factors that are not present in today's market.