If you’ve glanced at the news lately, you’ve probably seen plenty of housing market doom and gloom. High rates, stretched budgets, and terrifying headlines make it sound like buying or selling right now is a terrible mistake.

While the headlines might have you glancing nervously at the calendar and wondering if it’s 2008 all over again, the data suggests we are looking at a completely different landscape. Foreclosures are indeed ticking up, but the context matters more than the raw numbers.