Housing Is Already Worse Than 2008 in One Key Metric

The real estate market downturn is expanding every single month, and the data is now flashing warnings that most of the media and industry won’t talk about.

In this video, I break down why home prices are already worse than 2008 in one critical metric, how affordability has completely broken, and why more markets are starting to roll over, not just Florida and Texas.

We’re now seeing:

House payments at nearly 40% of median income

Prices needing to fall 30–40% to restore affordability

Inventory quietly stacking especially in Sunbelt markets

Builders slashing prices and buyers still backing away

A growing stalemate between locked-in sellers and priced-out buyers

This is not a cooling market.
This is a down cycle, driven by speculation, affordability pressure, and changing migration trends.

If you’re a buyer, seller, or investor, this is information you need to see before making a move.

Read my Substack for what I can’t say here: jonbrooks.substack.com