Will the housing market crash?

Though home prices have jumped to astronomical heights in the last few years, the general consensus among experts is that the housing market will see a correction rather than a crash, and so a sharp drop in prices is unlikely to occur. For one, despite high inflation, the economy is holding up remarkably well.

Is there a housing price crash?

With home inventory for sale continuing to range mostly from 2 to 3 months over the past year (and 2.3 months in April), for now a housing price crash is nowhere to be seen. In the rental home market, a vacancy rate of about 5% generally defines the equilibrium level between a rental housing market favoring a landlord or a tenant.

Will the housing market crash in 2023?

A housing market crash akin to the events of 2008 is not expected in 2023. While affordability is low and mortgage rates are high, supply remains very tight, which should keep the market moving, avoiding a major correction. Will U.S. home prices drop in 2023?