Is this Another 2008? The Truth About Housing
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 4 July 2025
⏱️ 41 minutes
🧾️ Download transcript
Summary
The housing market is shifting — but it’s not crashing. Ken & Danille McErloy break down why today’s real estate fundamentals are nothing like 2008, how buyers can negotiate better deals, and what every investor needs to know to make smart moves right now.
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Visit Ken's Bookstore: https://kenmcelroy.com/books
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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: https://mccompanies.com
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Transcript
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| 0:00.0 | Bradfin just reported that right now there's a half a million more sellers than there are buyers. |
| 0:06.3 | So people are wondering why prices have not crashed like in 2008. |
| 0:11.2 | I know. There's an imbalance right now. That's for sure. Like, you know, before it was such, |
| 0:15.6 | we just got out of this sellers market, right? Like everybody has this mindset. There are, you know, |
| 0:22.2 | there should be all these cars that show up when something gets listed, like the old days, |
| 0:27.3 | right? Those days are gone. Yeah, for sure. I mean, so what's interesting to me is days on market |
| 0:34.4 | is longer. People are getting frustrated. They're finally doing some discounts. |
| 0:39.4 | And we're actually just moving back to the mean. |
| 0:42.6 | I think you and I were talking about this. |
| 0:44.3 | This is more of a market shift. |
| 0:45.9 | This is not a collapse. |
| 0:47.9 | Repeat. |
| 0:48.7 | This is not a collapse. |
| 0:50.7 | This is a market shift. |
| 0:52.5 | We're just going back to what's normal right like you remember what |
| 0:56.5 | it was like when you were buying stuff yeah i mean you actually had time to buy i mean you know you |
| 1:00.8 | would go look and i'd buy i'd you know go look at something and then i could take a week and think |
| 1:05.2 | about it and then you know strategize and then come up with an offer i mean this stuff where |
| 1:10.6 | everything was flying off the shelves i mean that's unheard of and you know, strategize and then come up with an offer. I mean, this stuff where everything was flying |
| 1:11.6 | off the shelves. I mean, that's unheard of. And, you know, I think a lot of buyers are freaking out, |
| 1:16.7 | oh, this house has been sitting for 27 days and might do something wrong with it. It's like, |
| 1:21.1 | things aren't supposed to sell in two days, you know? And sellers are doing it too. I'm watching them. You know, they're discounting prices after only a few days on the market as well. So it's, you know, both, right? So, you know, I do think it's a little interesting that it's, the market's just slowing down. |
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