Is the housing market about to crash?

Residential
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Not trying to stir the pot, just genuinely curious, do you think the housing market is heading for a crash, or is it just cooling off a bit?

I’ve been hearing mixed things. Some say prices are still high but sales are slowing down, while others think a big correction is around the corner. With interest rates where they are and inventory creeping up in some areas, it kinda feels like something’s gotta give… or maybe not?

Would love to hear what you’re seeing in your local market. Are sellers still holding firm on prices? Are buyers backing off? Just trying to get a better feel for where things are actually headed.

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As someone still renting, I want to buy, but man, the combo of high prices + high rates is brutal.

Even if prices dropped 10%, the monthly cost wouldn’t change much unless rates also fall.

So I’m sitting, saving, and hoping for either rates to ease or incomes to catch up. Not holding my breath for a “crash,” though.

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If I had a dollar for every time someone predicted a housing crash, I’d own a house outright by now. :joy: Markets go up, markets go down. Best advice I’ve heard: if you’re buying to live in it long-term, don’t worry too much about timing the cycle.