Despite concerns of a housing bubble, the current market situation is not comparable to the 2008 crisis.

Unlike back then, there is still a shortage of homes available for sale. Historically, there were too many homes during the crisis, causing prices to plummet. Today, while supply has increased slightly, there's still an overall shortage due to years of underbuilding. Current unsold inventory is at a 3.2-month supply, much lower than during the last crisis. So, while some overheated markets might see small declines, a major crash in home prices is unlikely.