{"id":3754,"date":"2022-12-07T20:45:12","date_gmt":"2022-12-07T20:45:12","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2022\/12\/07\/opinion-steve-murray-predicts-when-the-housing-market-will-recover\/"},"modified":"2025-03-13T02:48:12","modified_gmt":"2025-03-13T02:48:12","slug":"opinion-steve-murray-predicts-when-the-housing-market-will-recover","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2022\/12\/07\/opinion-steve-murray-predicts-when-the-housing-market-will-recover\/","title":{"rendered":"Opinion: Steve Murray predicts when the housing market will recover"},"content":{"rendered":"\n

RealTrends has tracked significant data on housing, households, and mortgage rates since the late 1970s. It is a part of the data that has enabled us to track national average commission rates<\/a> among other data sources.<\/p>\n\n\n\n

Most brokerage leaders are focused on strengthening their companies to get through this downturn. Those who aren\u2019t won\u2019t be here in the years to come when the market recovers.  There is no sense worrying about a recovery should you not be here to enjoy it!<\/p>\n\n\n\n

During the last downturn in housing sales, from 2006 to 2010, nearly 25% of all the brokerage firms ranked on the RealTrends 500<\/a> did not live to see 2011 when the true recovery took place.<\/p>\n\n\n\n

Some believe that this sudden decline, which as of October data was down nearly 30% in unit sales year over year, won\u2019t be as severe or durable as the last one. That downturn saw housing sales decrease by about 45% and took about 30 months from peak to trough. By comparison, the 1980 to 1982 downturn saw declines of 49% over 30 months from peak to trough of housing sales.<\/p>\n\n\n\n

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