Stability, Not Collapse: A Positive Outlook for Today’s Market
As headlines swirl about rising home prices and elevated mortgage rates, some may wonder if a repeat of the Great Recession’s housing crash looms ahead. But according to experts — and real estate leaders like Albert Dweck of Duke Properties — today’s housing landscape tells a far more encouraging story.
“We are not looking at a crash scenario,” says Dweck. “What we’re seeing is a recalibration after years of historic price growth. The fundamentals supporting the housing market today are strong, sustainable, and far more disciplined than they were 15 years ago.”
Supply Is Growing, But Demand Is Steady
While inventory levels have risen—up 8.7% nationally—demand remains robust. There may now be more homes for sale than buyers in some markets, but Duke Properties sees this as a healthy balancing act rather than a warning sign.
“We welcome more inventory because it provides buyers with options and keeps growth measured,” Dweck says. “More supply supports affordability without undermining value.”
Five Pillars of Strength Support Today’s Market
According to leading economists, multiple factors make a crash highly unlikely:
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Limited Inventory: Even with recent increases, national supply still sits below a truly balanced market.
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Disciplined Lending: Stringent lending standards ensure only well-qualified buyers are securing mortgages.
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Demographic Strength: Millennials and Hispanics continue to fuel first-time homebuyer demand, particularly in vibrant urban centers like New York.
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High Homeowner Equity: Homeowners today carry significant equity, providing a strong cushion against price fluctuations.
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Minimal Foreclosures: Foreclosure rates remain historically low, preventing any flood of distressed sales that might drive prices down.
“These are not speculative buyers with fragile loans like we saw in the 2000s,” Dweck notes. “This is a market of responsible, well-capitalized participants.”
U.S. Housing: A Market Built for Sustainable Growth
Though prices have risen rapidly — with the national median reaching $414,000 in April 2025 — experts agree that future growth will be more moderate. Modest price adjustments in some overheated regions are natural, but broad-based declines are unlikely.
“This is not a bubble; it’s the result of real demand meeting limited supply,” Dweck explains. “We fully expect continued resilience, especially in high-demand markets like New York City where Duke Properties remains deeply invested.”
Duke Properties: Positioned for the Future
At Duke Properties, Albert Dweck and his team continue to view the current environment as one filled with opportunity. “As always, we are long-term believers in the strength of New York City real estate,” Dweck says. “This market rewards patience, vision, and strong fundamentals. And those remain firmly in place.”