Some HighlightsToday’s housing market is different than it was in 2008.Lending standards have tightened, foreclosures have declined, home inventory is much lower, and homeowners have far more equity.

Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. 

Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years.

The housing market has been going through shifts lately.

One of the benefits of being a homeowner is that you build equity over time.