3 Graphs Showing Why Today's Las Vegas Housing Market Isn't Like 2008
3 Graphs Showing Why Today's Las Vegas Housing Market Isn't Like 2008 Here are 3 Graphs Showing Why Today's Las Vegas Housing Market Isn't Like 2008. You may have heard all the talk in the media about the housing market shift , but you might be wondering if this is a housing bubble. You might have also asked whether this is a replay of the 2008 housing crisis. Fortunately, factual data supports why this won't be the case. There's Still a Shortage of Homes on the Market Today, Not a Surplus For historical context, there were too many homes for sale during the housing crisis (many of which were short sales and foreclosures), and that caused prices to fall dramatically. Supply has increased since the start of this year, but there's still a shortage of inventory , primarily due to almost 15 years of underbuilding homes. The graph below uses data from the National Association of Realtors (NAR) to show how the months' supply of homes available now compar...