{"id":1318,"date":"2018-11-16T20:03:00","date_gmt":"2018-11-16T20:03:00","guid":{"rendered":"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/"},"modified":"2025-03-13T02:20:43","modified_gmt":"2025-03-13T02:20:43","slug":"canadas-housing-reminiscent-2008","status":"publish","type":"post","link":"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/","title":{"rendered":"Canada&#8217;s Housing Woes Reminiscent of U.S. in 2008"},"content":{"rendered":"<p>&nbsp;<\/p>\n<h2>Canada&#8217;s Housing Woes Reminiscent of U.S. in 2008<\/h2>\n<p><!--more--><\/p>\n<h6><em>Homes may be unaffordable in the United States, but the situation is even worse in Canada. So says Point2 Homes in an analysis comparing the two countries\u2019 recoveries in the years since the Great Recession.<\/em><\/h6>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-51932\" src=\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2021\/01\/US-vs-Canada-Infographic.png\" alt=\"housing\" width=\"362\" height=\"1831\"><\/p>\n<p>&nbsp;<\/p>\n<p>In the past 10 years, average Canadian home prices went up by 56 percent while the median income increased only by 15 percent.&nbsp;The average home price in the U.S. increased at a much slower rate (24 percent), while the median income went up by 18 percent.<\/p>\n<p>One economist says the escalation in Canadian home prices is a consequence of the persistent gap between the demand for and supply of housing, but also cites the growth of employment opportunities, population growth, relatively low or favorable mortgage rates, and future expectations of the housing market behavior.<\/p>\n<blockquote>\n<p>\u201cThe median household income cannot be expected to increase substantially in the near future, but the housing market can be more sensitive to information and future expectations,\u201d says Wimal Rankaduwa, macroeconomics professor at University of Prince Edward Island in Canada. &nbsp;\u201cThere is an expectation of an interest rate hike in the very near future, which will have a negative impact on the demand for housing.\u201d<\/p>\n<\/blockquote>\n<p>While the U.S. housing bubble burst in 2008, Canada\u2019s real estate bubble hasn\u2019t yet popped and the country has not yet seen a major decline in home prices. However, the Canadian economy experienced its own share of turbulence following the oil price crash in 2014 and&nbsp;the burst of China\u2019s speculative bubble.<\/p>\n<p>And now, 10 years after the housing crisis that destabilized the United States, some analysts claim that Canada faces a similar scenario if it stays the course:&nbsp;Household debt currently exceeds 100 percent of GDP, according to data released by the&nbsp;<a href=\"https:\/\/www.bis.org\/statistics\/tables_f.pdf\" target=\"_blank\" rel=\"noopener\">Bank for International Settlements<\/a>.<\/p>\n<p>What\u2019s more, in the past six years, the Canadian dollar has lost 25 percent of its power compared to the American dollar, going from near-parity to a much lower exchange rate. Therefore, in this study, the median wages, the average home prices, and average rents in both countries are expressed in the respective country\u2019s currency, to avoid distortions and inaccuracies in percentage changes.<\/p>\n<p>Comparing the two nations\u2019 homeownership rates reveals some interesting findings.<\/p>\n<p>In the U.S., homeownership rates peaked in late 2004, when the percentage of homeowners reached 69.2 percent, and began decreasing in 2007. By 2015, the share of homeowners in the U.S. fell to 62.9 percent, a level that hasn\u2019t been seen since 1965, when data gathering was just starting. After three years of recovery, the share of homeowners in the U.S. is currently 64.2 percent.<\/p>\n<p>In Canada,&nbsp;<a href=\"https:\/\/www.point2homes.com\/news\/canada-real-estate\/homeownership-rates-drop-88-canadas-100-biggest-cities.html\" target=\"_blank\" rel=\"noopener\">homeownership rates<\/a>&nbsp;rose at a steady pace for more than four decades, hitting an all-time high of 69 percent in 2011, but that percentage went down to 67.8 percent following the economic downturn from 2014.&nbsp;This is the first time the share of homeowners declined in Canada in almost half a century.<\/p>\n<p>And with average home prices rising at an alarming pace north of the border, it is no wonder the average Canadian can no longer easily commit to a mortgage. Due to the 56 percent jump since 2008, Canada\u2019s average home price went from $304,663 CAD to $475,591 CAD in just 10 years.<\/p>\n<p>The U.S. market\u2019s increases have been more contained: after a 24 percent increase, the average home price went from $245,200 USD in 2008 to $303,200 USD in 2018.<\/p>\n<p>Given the significant discrepancy between the evolution of home prices and wages, Canadians might be headed for a rough ride. There are many other factors, including an increase in subprime lending, that suggest the Canadian housing market may be following the same path Americans did a few years back.<\/p>\n<p>&nbsp;<\/p>\n<p>Download the full infographic.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Canada&#8217;s Housing Woes Reminiscent of U.S. in 2008<\/p>\n","protected":false},"author":15802,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[],"class_list":["post-1318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Canada&#039;s Housing Woes Reminiscent of U.S. in 2008<\/title>\n<meta name=\"description\" content=\"One economist says the escalation in Canadian home prices is a consequence of the persistent gap between the demand for and supply of housing, but also cites the growth of employment opportunities, po\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canada&#039;s Housing Woes Reminiscent of U.S. in 2008\" \/>\n<meta property=\"og:description\" content=\"One economist says the escalation in Canadian home prices is a consequence of the persistent gap between the demand for and supply of housing, but also cites the growth of employment opportunities, po\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/\" \/>\n<meta property=\"og:site_name\" content=\"RealTrends - Blog\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Tracey Velt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@traceyveltFL\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tracey Velt\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/\"},\"author\":{\"name\":\"Tracey Velt\",\"@id\":\"https:\/\/www.realtrends.com\/blog\/#\/schema\/person\/db05dddc94c61082eaa18f2f5e66c788\"},\"headline\":\"Canada&#8217;s Housing Woes Reminiscent of U.S. in 2008\",\"datePublished\":\"2018-11-16T20:03:00+00:00\",\"dateModified\":\"2025-03-13T02:20:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/\"},\"wordCount\":631,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\",\"articleSection\":[\"Archive\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/#respond\"]}],\"isAccessibleForFree\":\"False\",\"hasPart\":{\"@type\":\"WebPageElement\",\"isAccessibleForFree\":\"False\",\"cssSelector\":\".wp-block-housingwire-piano-member\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/\",\"url\":\"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/\",\"name\":\"Canada's Housing Woes Reminiscent of U.S. in 2008\",\"isPartOf\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\",\"datePublished\":\"2018-11-16T20:03:00+00:00\",\"dateModified\":\"2025-03-13T02:20:43+00:00\",\"description\":\"One economist says the escalation in Canadian home prices is a consequence of the persistent gap between the demand for and supply of housing, but also cites the growth of employment opportunities, po\",\"breadcrumb\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/#primaryimage\",\"url\":\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\",\"contentUrl\":\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\",\"width\":1200,\"height\":675,\"caption\":\"9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.realtrends.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Canada&#8217;s Housing Woes Reminiscent of U.S. in 2008\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.realtrends.com\/blog\/#website\",\"url\":\"https:\/\/www.realtrends.com\/blog\/\",\"name\":\"RealTrends - Blog\",\"description\":\"Empowering Real Estate Decisions with Trusted Insights.\",\"publisher\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.realtrends.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.realtrends.com\/blog\/#organization\",\"name\":\"RealTrends - Blog\",\"url\":\"https:\/\/www.realtrends.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.realtrends.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/cropped-RTV_Horizontal_logo_Blue.png\",\"contentUrl\":\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/cropped-RTV_Horizontal_logo_Blue.png\",\"width\":2321,\"height\":227,\"caption\":\"RealTrends - Blog\"},\"image\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.realtrends.com\/blog\/#\/schema\/person\/db05dddc94c61082eaa18f2f5e66c788\",\"name\":\"Tracey Velt\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.realtrends.com\/blog\/#\/schema\/person\/image\/9b3cf1be6b1fb876ab0bd60ce0a485d0\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ae51367450666ac65e816c5ed48f71a6aebe0ed43ea74c1f16500d37c0efc141?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ae51367450666ac65e816c5ed48f71a6aebe0ed43ea74c1f16500d37c0efc141?s=96&d=mm&r=g\",\"caption\":\"Tracey Velt\"},\"description\":\"Tracey Velt is the Senior Director of Data &amp; Content. She is the host of the popular RealTrending podcast, manages content for the real estate team and The Gathering and leads editorial and sponsored research across the HW Media brands. Tracey has more than 25 years of experience writing and editing for the real estate industry and is the former editor in chief of Florida Realtor magazine. She resides in Florida.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/traceyvelt\/\",\"https:\/\/x.com\/traceyveltFL\"],\"url\":\"https:\/\/www.realtrends.com\/blog\/author\/tracey-velt\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Canada's Housing Woes Reminiscent of U.S. in 2008","description":"One economist says the escalation in Canadian home prices is a consequence of the persistent gap between the demand for and supply of housing, but also cites the growth of employment opportunities, po","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/","og_locale":"en_US","og_type":"article","og_title":"Canada's Housing Woes Reminiscent of U.S. in 2008","og_description":"One economist says the escalation in Canadian home prices is a consequence of the persistent gap between the demand for and supply of housing, but also cites the growth of employment opportunities, po","og_url":"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/","og_site_name":"RealTrends - Blog","og_image":[{"width":1200,"height":675,"url":"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png","type":"image\/png"}],"author":"Tracey Velt","twitter_card":"summary_large_image","twitter_creator":"@traceyveltFL","twitter_misc":{"Written by":"Tracey Velt","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/#article","isPartOf":{"@id":"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/"},"author":{"name":"Tracey Velt","@id":"https:\/\/www.realtrends.com\/blog\/#\/schema\/person\/db05dddc94c61082eaa18f2f5e66c788"},"headline":"Canada&#8217;s Housing Woes Reminiscent of U.S. in 2008","datePublished":"2018-11-16T20:03:00+00:00","dateModified":"2025-03-13T02:20:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/"},"wordCount":631,"commentCount":0,"publisher":{"@id":"https:\/\/www.realtrends.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/#primaryimage"},"thumbnailUrl":"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png","articleSection":["Archive"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/#respond"]}],"isAccessibleForFree":"False","hasPart":{"@type":"WebPageElement","isAccessibleForFree":"False","cssSelector":".wp-block-housingwire-piano-member"}},{"@type":"WebPage","@id":"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/","url":"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/","name":"Canada's Housing Woes Reminiscent of U.S. in 2008","isPartOf":{"@id":"https:\/\/www.realtrends.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/#primaryimage"},"image":{"@id":"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/#primaryimage"},"thumbnailUrl":"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png","datePublished":"2018-11-16T20:03:00+00:00","dateModified":"2025-03-13T02:20:43+00:00","description":"One economist says the escalation in Canadian home prices is a consequence of the persistent gap between the demand for and supply of housing, but also cites the growth of employment opportunities, po","breadcrumb":{"@id":"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/#primaryimage","url":"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png","contentUrl":"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png","width":1200,"height":675,"caption":"9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d"},{"@type":"BreadcrumbList","@id":"https:\/\/www.realtrends.com\/blog\/2018\/11\/16\/canadas-housing-reminiscent-2008\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.realtrends.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Canada&#8217;s Housing Woes Reminiscent of U.S. in 2008"}]},{"@type":"WebSite","@id":"https:\/\/www.realtrends.com\/blog\/#website","url":"https:\/\/www.realtrends.com\/blog\/","name":"RealTrends - Blog","description":"Empowering Real Estate Decisions with Trusted Insights.","publisher":{"@id":"https:\/\/www.realtrends.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.realtrends.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.realtrends.com\/blog\/#organization","name":"RealTrends - Blog","url":"https:\/\/www.realtrends.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.realtrends.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/cropped-RTV_Horizontal_logo_Blue.png","contentUrl":"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/cropped-RTV_Horizontal_logo_Blue.png","width":2321,"height":227,"caption":"RealTrends - Blog"},"image":{"@id":"https:\/\/www.realtrends.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.realtrends.com\/blog\/#\/schema\/person\/db05dddc94c61082eaa18f2f5e66c788","name":"Tracey Velt","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.realtrends.com\/blog\/#\/schema\/person\/image\/9b3cf1be6b1fb876ab0bd60ce0a485d0","url":"https:\/\/secure.gravatar.com\/avatar\/ae51367450666ac65e816c5ed48f71a6aebe0ed43ea74c1f16500d37c0efc141?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ae51367450666ac65e816c5ed48f71a6aebe0ed43ea74c1f16500d37c0efc141?s=96&d=mm&r=g","caption":"Tracey Velt"},"description":"Tracey Velt is the Senior Director of Data &amp; Content. She is the host of the popular RealTrending podcast, manages content for the real estate team and The Gathering and leads editorial and sponsored research across the HW Media brands. Tracey has more than 25 years of experience writing and editing for the real estate industry and is the former editor in chief of Florida Realtor magazine. She resides in Florida.","sameAs":["https:\/\/www.linkedin.com\/in\/traceyvelt\/","https:\/\/x.com\/traceyveltFL"],"url":"https:\/\/www.realtrends.com\/blog\/author\/tracey-velt\/"}]}},"jetpack_featured_media_url":"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.realtrends.com\/blog\/wp-json\/wp\/v2\/posts\/1318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realtrends.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realtrends.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realtrends.com\/blog\/wp-json\/wp\/v2\/users\/15802"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realtrends.com\/blog\/wp-json\/wp\/v2\/comments?post=1318"}],"version-history":[{"count":1,"href":"https:\/\/www.realtrends.com\/blog\/wp-json\/wp\/v2\/posts\/1318\/revisions"}],"predecessor-version":[{"id":6105,"href":"https:\/\/www.realtrends.com\/blog\/wp-json\/wp\/v2\/posts\/1318\/revisions\/6105"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realtrends.com\/blog\/wp-json\/wp\/v2\/media\/4822"}],"wp:attachment":[{"href":"https:\/\/www.realtrends.com\/blog\/wp-json\/wp\/v2\/media?parent=1318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realtrends.com\/blog\/wp-json\/wp\/v2\/categories?post=1318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realtrends.com\/blog\/wp-json\/wp\/v2\/tags?post=1318"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.realtrends.com\/blog\/wp-json\/wp\/v2\/coauthors?post=1318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}