One year ago in March many feared that the residential housing market would be crushed under the pressure of an unprecedented pandemic. Instead, the housing market experienced one of its best years ever. Home sales and prices were both up substantially over the year before. 2020 was so strong that many now fear the market’s exuberance mirrors that of the last housing boom and, as a result, we’re now headed for another crash. However, there are many reasons this real estate market is nothing like the one we experienced in 2008 as we went into the Great Recession.