Is the Real Estate Market Destined for Another Crash?

By Gregg Tepper

I have been married to my wonderful wife Letha for 27 years. We have 3 children: Max, Alexander and Charlotte. I have been a licensed Realtor in the New Orleans area for 17 years and am the Operator of The Tepper Group with Keller Williams Realty in Mandeville. Our team services the entire New Orleans and Baton Rouge metro areas. Our team of partners has over 40 years of experience. We helped 141 families buy, sell or lease in 2022.

Today, we’re going to dive into the data that’s available and answer the question “Is the real estate market going to crash?” These numbers don’t lie. The trends we’re seeing in the market might be unsettling at first glance, but the reality is that we won’t see another crash like in 2008. Today, I’m breaking down all the reasons why a real estate crash is highly unlikely in the near future. 

Feel free to watch the full message above or use these timestamps that will direct you to various points in the video.

0:00 — Introducing today’s topic

0:16 — Inventory of existing homes

2:40 — Rate of homeownership

4:04 — Affordability of homes

5:34 — One-month supply of existing single-family homes

6:13 — Rate of mortgage foreclosures

7:50 — Percentage of mortgages with negative equity

10:40 — Expected 2024 mortgage rates

12:00 — Wrapping up

If you have any questions, don’t hesitate to reach out to me by phone or email. I look forward to hearing from you.