In 2008, we faced a situation where there were too many homes on the market. Fast forward to today, and we’re actually experiencing the opposite—there aren't enough homes available. The three key sources of housing inventory clearly indicate that this situation is different from that last crisis. The number of existing homes, new constructions, and foreclosures is significantly lower than what we observed during the housing crash. Current inventory data confirms that we simply don't have enough homes available for a repeat of what occurred in 2008.