Will The Housing Market Crash In 2022 Reddit

Will The Housing Market Crash In 2022 Reddit17 hours ago · It’s a picks-and-shovels play on a fast-growing market worth considering. A new variable this time around is, as you point out, the massive institutional investor influx. Is a Housing Market Crash Coming? By Shrey Dua Oct 31, 2022 Stocks to Sell Sorry! You Can’t Turn Back the Clock on META Stock. Prices will increase in 2022, flat in 2023, correct not crash in 2024 without a depression level event. The first main issue is that the interest rates are being out paced by the inflation rates. Desjardins is forecasting the average home price in Canada will decline by Atlantic bubble fuelling red hot Maritime real estate market. Fast forward to January and February of 2021, and it was at 50%. Stock market is a leading indicator and the S&P is down more than 13% YTD. In April 2021, Zillow issued the following statement: "United States home values have gone up 10. The housing market has to crash (or correct itself) eventually. The company is the UK’s largest mortgage lender and has set aside £668m to cover bad debts which it anticipates as. The forecast for 5,3 million existing home sales in 2022, which would represent a 14. The median sales price of new houses sold in May 2022 was $449,000. The "when" and at "what price" are more difficult parts of the equation, but as long as we're buying high-quality companies, those questions aren't as important as "What are we. homes had foreclosure filings — default notices, scheduled auctions or bank repossessions — as of August 2022, according to ATTOM Data. However, this doesn't mean a drop. Bigger amounts are going to require a severe nasty downturn Jstef06 • 10 mo. During those years, almost no one saw the coming crash (but read/watch The Big Short). The 2022 Real Estate Collapse is going to be Worse than the. Housing Market Predictions for 2022. By Shrey Dua, InvestorPlace Assistant News Writer Sep 29, 2022, 12:33 pm EDT. And Los Angeles Real Estate averages $850k. Housing Market Predictions. Second, landlords can charge more for rent if they have more space or if they have. Housing Market Crash 2022: The Reality Of What Happens When. Clearly the real estate market is backtracking some from its red-hot growth the past few years. Yes, there is a housing bubble. Home pricing are going down in late 2022, 2023, 2024 High interest rates and very high price levels are not sustainable. Still think 2024 is more likely. Meanwhile, the latest data from Zillow shows that the number of homes for sale in the U. 05%, a slight drop from a high of 7. The rise in home prices in the lead up to the the 2008-09. 1% decrease from 2021, also reflects recent market changes and continued weakness in the metric's leading indicators. Many banks and investment groups will be destroyed when these go bad, just like in 2008. With demand for mortgage refinancings projected to collapse, analysts now expect Rocket’s net income to fall 98% to $214 million in 2022. The majority of real estate professionals do not believe that the housing market of 2022 is in a bubble or poses a threat to the faltering economy. reddit. This may lead to a housing market crash. 1 per their 'Global Real Estate Bubble Index 2022' on Wednesday. What home buyers should know about the housing market in 2022. It's a picks-and-shovels play on a fast-growing market worth considering. The HomeBuilder grant was extended by three months to 31 March, but at the lower rate of $15,000 (instead of $25,000) from 1 January. Talk and warnings of a potential housing market crash have been circulating recently as the U. Experts predict that the Federal Reserve will start raising interest rates during the first half of the year. Rising rates are cooling the market as some expected but the prices are still rising at a slower rate. It’s a picks-and-shovels play on a fast-growing market worth considering. If and when the bubble bursts again, everyone gets hurt. 2022 Housing Prediction #5: Mortgage rates will be over 6%. However, this time, the housing market won't crash or trigger a recession and may even assist the country's recovery. High debt levels can also cause a housing market crash 2022. The only thing that will make the bubble burst would be a rise in interest rates. The National Association of Realtors now estimates that home prices will jump another 11% this year, outpacing wage growth by a 2x margin. “Tighter monetary policy from the Federal Reserve and persistently elevated construction costs have brought on a housing recession,” he said, predicting “the total volume of single-family starts will post a decline in 2022, the first such decrease since 2011. Prior to the pandemic, the average velocity of the U. CoreLogic predicts a return to normalcy in 2022, not a crash in 2022. They now predict that home values will fall in 271 of the nation's 896 regional housing markets between September 2022 and September 2023. 10193 Reads. contends with soaring home prices, elevated mortgage rates and a 40-year inflation high in May. will the housing market crash in 2023 Fast forward to 2022 — inflation is rising faster than the Fed believed. Aug 04, 2022 • August 4, 2022 • 2 minute read • Join the conversation. In June, sales dropped more quickly than anticipated, and in July, pending home sales and mortgage applications were weaker than anticipated. Here are three top battery stocks to buy for long-term investors looking to add risk before the end of the. So I'm the guy that wrote the DD about the housing crisis that made it to the front page of Reddit before sitewide . The king of all cryptos, Bitcoin ( BTC-USD) sported a market capitalization of just over $395 billion in the wee hours of Nov. The 2022 Real Estate Collapse is going to be Worse than the 2008 One, and Nobody Knows About It - Time to Call your Mom There's going to be a lot of text here, so all you smooth brain apes. From a peak of A$550 per week in 2015 (£310, US $420), the median unit rent had fallen a substantial 7. Millennial homebuyers range from those born in 1981 to 1996 and are currently between 25 to 40 years old. With the COVID-19 vaccine gaining momentum and the economy coming back strong, millions of households could be potential homebuyers in 2022, which indicates the housing market won’t crash in 2022. Above, a home is offered for sale on April 26, 2022, in Chicago, Illinois. Any additional cushion would help. The housing market slowdown, explained in 7 charts. Will the Housing Market Crash in 2022?. Last year was anything but normal — especially in Arizona’s residential real estate market. The number was later revised to 259 regional markets by Zillow economists in September. Returns as of 01/19/2022 Returns as of 01/19/2022 Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our web. I think prices will drop, but I don't believe there will be a crash. Will the housing market be easier to navigate next year? It's hard to say. ” With stock prices unmoored from companies' financial fundamentals, shares were bound to retreat in the near . The 10-year ARM (adjustable rate mortgage) was at 4. Stock market is a leading indicator and the S&P is down more than. 9 per cent next year and then will effectively stagnate until 2027 according to a gloomy forecast. Yes, there is a housing bubble. How to Find a Good Apartment in a Bad Housing Market, According. During next year everything will crash, except certain overly shorted stocks. Housing market correction? Here's what experts think is ahead for the. biggest house prices crash in decades, but are they right or will 10 per cent fall in 2023 will follow a 3 per cent rise in 2022. The typical home in San Jose goes for $1. 2022 Housing Crash DECLINE in Pending Home Sales: Pending home sales in the US housing market experienced the largest decline in the last 11 months. Damn near zero percent it happens in 2022. 2022 Housing Prediction #5: Mortgage rates will be over 6%. Is a Housing Market Crash Coming? By Shrey Dua Oct 31, 2022 Stocks to Sell Sorry! You Can’t Turn Back the Clock on META Stock. Most housing experts are predicting the market to remain strong for a while for several reasons. Interest rates will rise. Today (2022) investors own 18% of the housing market, and growing. Millennial Demand for Housing is Up, With Gen Z Right Behind. It is unlikely the housing market will crash in the near future, based on current market conditions. 8 million millennials are turning 30 in 2021 and are expected. First, they can purchase put options, which rise in value as the underlying security prints red ink in the stock market. Crash is a big word, especially when you're talking real estate, but looking at current economic conditions and recent financial uncertainty (plus rising mortgage interest rates), it's easy to wonder whether the housing market—after years of a red-hot market—will crash in 2023. If you pay much more than a home is worth, you will likely be underwater when the market rights itself. 6 Housing Market Predictions for 2022. They now predict that home values will fall in 271 of the nation's 896 regional. When Will the Housing Market Crash?. In this photo, single-family homes are. Will The Housing Market Crash? Experts Give 5. 9 per cent next year and then will effectively stagnate until 2027 according to a gloomy forecast from the Lloyds Banking Group, which owns the Halifax. We will look at the possibility of a housing market crash as interest rates rise. By Seattle Met Staff September 13, 2022. Mark Zandi, chief economist from Moody's Analytics expects year-over-year home price growth in the U. Generations Entering the Market. Are We Heading for a Housing Market Crash? What Home Sales. Here are the other possible causes of a US housing market crash in 2022: 1. The National Association of Realtors now estimates that home prices will jump another 11% this year, outpacing wage growth by a 2x margin. As of October 14, 2022, the mortgage rate for a 30-year fixed mortgage was 7. The majority of real estate professionals do not believe that. Key housing market statistics. Even if it doesn't make objective personal financial sense, as is often the case in our nation's most expensive real estate markets. A host of new data offers further evidence of a housing market crash. Key housing market statistics. The company is the UK's largest mortgage lender and has set aside £668m to cover bad debts which it anticipates as. The housing market appears to be operating without brakes as home prices continue to climb-the national median listing price saw another double-digit increase in April, climbing to $341,600. CoreLogic predicts a return to normalcy in 2022, not a crash in 2022. homes had foreclosure filings — default notices, scheduled auctions or bank repossessions — as of August 2022, according to ATTOM Data. Housing market crash 2022. In this blog, we'll go over why real estate market crashes can work to market will crash in 2022, we are seeing a dip in housing prices. Housing starts are also at the highest level since 1984. Don't get caught up in the buying frenzy. after the crash of 08, that dropped to under 1m for about a decade, but now the number of houses being built is at an all time high of 1. Over the trailing seven days, BTC gained almost 7% of market. If your television’s sound system consistently. We will look at the possibility of a housing market crash as interest rates rise. This means that those who are loaning out money as losing buying power. In 2022, Oneok Inc. Reddit Thinks Credit Suisse Is About to Collapse and Trigger. Is a Housing Market Crash Coming? By Shrey Dua Oct 31, 2022 Stocks to Sell Sorry! You Can't Turn Back the Clock on META Stock. As a result, there are more people looking for lower cost, adjustable rate loans. 2022 Housing Market Showing Shades of 2008 Depending on who you ask, the housing market. These home values are up nearly 20% over the last year – a clear WARNING signal that California’s Housing Market and Economy could be heading for a CRASH in 2022. According to Ian Shepherdson, Chief Economist at Pantheon Macroeconomics, U. would have to see a wave of sellers listing. Housing market experts have been releasing their predictions for 2022, and most seem to agree that the pace of 2021’s housing market was unsustainable. The “when” and at “what price” are more difficult parts of the equation, but as long as we’re buying high-quality companies, those questions aren’t as important as “What are we. The rental market is wild, but you can still find a place of your own. I was bullish but I feel like this is the year of reckoning, unless the Fed chickens out once again and immediately pulls back rate hikes once blood spills out on the streets. Both the labor shortage and supply crisis are . By Shrey Dua, InvestorPlace Assistant News Writer Sep 29, 2022, 12:33 pm EDT. Housing market is not tanking, but absolutely is cooling off. 7m, nearly double what it was a decade ago. There's a few things to consider:. And prior to the 2008 housing market crash and the Great Recession (specifically the time period between the first quarter of 2006 and the third quarter of 2007), the average. The number of potential homebuyers. a Good Apartment in a Bad Housing Market, According to Reddit. House prices fell from a median of A$1,075,000 in December 2017 to A$865,000 a year later. Median sale prices rose in Phoenix from $325,000 in January 2021 to $404,300 by October, a 24. House prices will fall by 7. To disrupt the lack of inventory new houses would need to be built in a time . 16 hours ago · Is a Housing Market Crash Coming? By Shrey Dua Oct 31, 2022 Stocks to Sell Sorry! You Can’t Turn Back the Clock on META Stock. Hi, I'm here from February 2022. These home values are up nearly 20% over the last year - a clear WARNING signal that California's Housing Market and Economy could be heading for a CRASH in 2022. It is unlikely the housing market will crash in the near future, based on current market conditions. existing home sale market ran about 21% going back to 2000. Over 30 years, that kind of increase can generally be absorbed. Even then, I think prices will be flat, not necessarily drop. The housing market of 2022 is in far better shape today than it was a decade ago. 14 hours ago · In 2022, Oneok Inc. Mortgage rates are expected to remain near borrower-friendly levels, which will help maintain a strong housing demand. This may lead to a housing market . to bottom out from 20% to 0% by this time next year. The National Association of Realtors now estimates that home prices will jump another 11% this year, outpacing wage growth by a 2x margin. Second, investors can directly short stocks. Why are interest rates still rising? The Fed has been raising interest rates since March 2022, when. Soaring home prices, elevated mortgage rates and a 40-year inflation high in May have bolstered fears of a housing market crash. Mortgage rates are still up, but home prices just fell. High debt levels can also cause a housing market crash 2022. Scott Olson/Getty Images In order for the market to crash, the U. dropped to an adjusted annual rate of 4. With demand for mortgage refinancings projected to collapse, analysts now expect Rocket’s net income to fall 98% to $214 million in 2022. Oct 31, 2022 3 Reddit Stocks Set to Soar From 52-Week Lows. Last year, buyers were told to sit tight and wait until 2022 for the . It compared house values with various local business and real estate factors, including rents for 2022's first quarter, to gauge if the . By Shrey Dua, InvestorPlace Assistant News Writer Sep 29, 2022, 12:33 pm EDT. Is there any hope of house prices dropping in the near future, despondent would-be first-time buyer posted their predicament on a Reddit . Even the talk of interest rates being raised is already impacting the equities market, coupled with 7. That every recession guarantees a crash in housing prices. dipped below one million this past December. CREA has dropped its expectations for the housing market in 2022, now calling for a 20 per cent decline in sales from the all-time high in . Regulatory changes, increased mortgage rates, and other global factors can also cause a real estate market crash. 2023 is hard to predict. It’s a picks-and-shovels play on a fast-growing market worth considering. Home pricing are going down in late 2022, 2023, 2024 High interest rates and very high price levels are not sustainable. Beyond that, the picture is less rosy, with the strong pull forward of demand likely to crash dwelling construction in 2022 and 2023 as subsidies are withdrawn. To the question: Yes, the housing market is going to crash - in China. "It's very hard to find a property or flat to rent due to the war,” he said. It is unlikely the housing market will crash in the near future, based on current market conditions. That's much better than the S&P 500 has done, but it's nowhere near the performance of the S&P 500 energy sector, which was up 62% in 2022 as of Oct. That combination of factors is set to leave price growth at stifling highs throughout 2022. You even saw it in the 08 housing crash where desirable zip codes stayed flat and some even appreciated. Another positive sign that the housing market won’t crash in 2022 is that mortgage. During those years, almost no one. Homeownership rates will crash again — which is the opposite of the desired result from . Some figures show the real estate market may be. Why are interest rates still rising? The Fed has been raising interest rates since March 2022, when they. Tier 2 pandemic flight cities will be . Even though the recent housing bubble and bust were severe, So it will probably be more expensive to buy a home a year from now than it . There are a few reasons why rent prices are going up. Fairbanks tops the list with the highest anticipated decline of 7%. We will look at the possibility of a housing market crash as interest rates rise. House prices will fall by 7. According to Industry Experts, Housing Prices May Fall in 2022 housing bubble has begun to shrink in metro areas and will continue to . What Does the Deteriorating Economic Picture Mean for House Prices in the UK? Prices are a function of people's willingness and ability to pay . 6% over the past year and Zillow predicts they will rise 10. Irish residential property prices have continued rising during last year’s Covid-19 crisis and are on target to rise again by an average of 4 per cent in 2022. Is The Housing Market Going To Crash In 2022 ? (Predictions). These home values are up nearly 20% over the last year – a clear WARNING signal that California’s Housing Market and Economy could be heading for a CRASH in 2022. Sun, Oct 30, 2022 LOGIN Subscribe for $1. The housing industry has had a boom last year, with the most We don't predict a housing market crash in 2022. The experts attribute the falling prices to high interest rates for mortgages, the energy crisis and uncertain economic forecasts. However, this time, the housing market won't crash or trigger a recession and may even assist the country's recovery. For comparison: before the crazy bidding wars of 2021, there. I would say from March 2022, but I really don't know. Housing Market Is Cooling A recent report from the Federal National Mortgage Association, ( Fannie Mae) says that homebuyer confidence fell in July 2022 to its “lowest level since 2011 and well below the all-time high set in 2019. What will happen to mortgage rates, housing prices and more next year? MarketWatch Picks has highlighted these products and services because we think readers will find them useful; the MarketWatch News staff is not involved in creating this. 9% rise through 2022, while Goldman Sachs economists predict that. It happened in the early 1980s, then again in the early 1990s, . According to the Census Bureau, U. The king of all cryptos, Bitcoin ( BTC-USD) sported a market capitalization of just over $395 billion in the wee hours of Nov. In September 2022, the average rate of 6. In response to newly risen mortgage rates, home sales are dropping fast. An increase in mortgage rates can impact the 2022 US housing market. Add in the fact that the supply of homes for sale is far, far lower now, and it's clear why prices are rising. Assuming the economy remains solid, starting sometime in 2022, they can gradually raise short-term rates over two to three years. “A household earning the median annual income of $71,000 and using a 20% down payment could afford a home priced at $448,700 in. Even worse, the $19 billion of mortgages on Rocket’s. “Tighter monetary policy from the Federal Reserve and persistently elevated construction costs have brought on a housing recession,” he said, predicting “the total volume of single-family starts will post a decline in 2022, the first such decrease since 2011. Here are the other possible causes of a US housing market crash in 2022: 1. Last year was anything but normal — especially in Arizona’s residential real estate market. Zandi believes the housing market is. Because some borrowers can no longer pay their mortgage, it can result in foreclosures, adding up to the housing inventory. This time, because the housing market is directly tied to the crashing stocks, instead of indirectly through people who will default over . In April 2021, Zillow issued the following statement: “United States home values have gone up 10. Where Did Home Prices Fall the Most in Seattle Last Month?. Last year was anything but normal — especially in Arizona’s residential real estate market. Planning to buy a house next year? Here's what to expect. Some figures show the real estate market may be. Another positive sign that the housing market won't crash in 2022 is that mortgage. While home prices have increased by 16 percent on average across the country in the first quarter of 2022, in 11 states they have surged by over 20 percent. And if you follow what the economists say, winter is coming. Housing demand, housing supply, mortgage interest rates and unemployment all play a role in how the real estate market fares, and currently they indicate a period of slowed growth, not decline – and certainly not significant decline as seen in. Supply Can’t Keep Up With Demand. Soaring home prices, elevated mortgage rates and a 40-year inflation high in May have bolstered fears of a housing market crash. Even 10 years ago, it was still only about 10-12%. With the COVID-19 vaccine gaining momentum and the economy coming back strong, millions of households could be potential homebuyers in 2022, which indicates the housing market won’t crash in 2022. That’s much better than the S&P 500 has done, but it’s nowhere near the performance of the S&P 500 energy sector, which was up 62% in 2022 as of Oct. In July 2022, existing home sales in the U. This will cause the value of many houses to plummet and many the value of the house to not be enough to back the mortgages. A "crash" (greater than 20%, broad scale decrease in housing) has happened two times in the history of the country; the great depression and 2008. This is because there are many people who believe that the market is too unstable to invest in something like a home. 29% on a 30-year fixed mortgage meant an additional $600 was added to the monthly cost of being a homeowner on top of the increased costs of everything. This is why I believe that: The data 2022 so far showed an increase in . The housing market is in an interesting position with . The housing market in the United States is slowing down — but “The total volume of single-family starts will post a decline in 2022, . Oct 31, 2022 3 Reddit Stocks Set to Soar From 52-Week Lows. We have Elon Musk chiming in on Real Estate along with Joe Zidle from Blackstone. By contrast prices in London, UK, have been broadly stable since 2016 after almost two decades of meteoric growth. With demand for mortgage refinancings projected to collapse, analysts now expect Rocket’s net income to fall 98% to $214 million in 2022. Irish residential property prices have continued rising during last year's Covid-19 crisis and are on target to rise again by an average of 4 per cent in 2022. The Great Market Crash of March 2022 Discussion As many Financial experts and degenerates (like me) have observed there are three major issues going on in the financial world. Housing Market Crash Will Leave Some Areas Ripe for a 20% Pullback. The real estate market is bracing for a 'soft landing' As home buyer demand falls, the real estate market is approaching a slowdown. As of April 13th, 2022, the 30-year fixed-rate mortgage hit 5% for the first time since 2011. The billboard is drawing attention to skyrocketing real estate prices as tiny Toronto bungalows are listed for $1. Prices will continue to rise - just at a more leisurely pace. The cost of living crisis is acute in Poland. Will the US Housing Market Crash in 2022?. Key housing market statistics. A contrived supply shortage of building materials, stringent new government regulations and the runaway inflationary price of raw material will make property inflation much worse in. 3 Battery Stocks to Buy Before the Market Starts to Soar in 2023. Why a 2022 Housing Market Crash Could Be WORSE Than 2008. The Federal Reserve will spend 2022 trying to stop rampant inflation, this will stop the rise in real estate prices. Housing Market Crash 2022: What Investors Can Do. 15% national correction, slap Phoenix with a 30% for good measure. Housing demand, housing supply, The first two quarters of 2022 have experienced reported GDP decline - 1. Historically, you could be waiting another 90 years for a 2008 style crash. National home price declines are uncommon, but it does occur on occasion. The current trends and the forecast for the next 12 to 24 months clearly show that most likely the housing market is. I really, really skimmed just the teeniest top of the surface on this subject, but basically all those CMBS notes that are super toxic start coming due in March of 2022, and they're going to absolutely detonate the commercial property market. The severely low supply is also helping fuel demand, and higher home prices, which is another reason why housing experts say the market. Michael Burry, who made a fortune by making big bets against the housing market, has tweeted that he feels greedy due to the latest stock . Housing Market Crash 2022: What To Expect As Interest …. So buyers want to know: Would it be downright foolish to buy a house right now?. Is the UK Housing Market Heading for a Crash?. House prices are also putting many homes out of reach for buyers. Over the trailing seven days, BTC gained almost 7% of market. Why the Housing Market Won't Crash in 2022. Clearly the real estate market is backtracking some from its red-hot growth the past few years. But Canada's housing affordability crisis can't be explained by one The media was criticized on Reddit for being a housing-market . (People wondered the same thing about the 2022 housing market. Another reason that the housing market crash in 2022 is unlikely is due to the influx of millennial buyers expected to enter the market. A place to freely discuss and investigate the current US housing bubble. Housing prices are softening throughout the region, but don't call it a real estate crash just yet. But likely not here, where we are experiencing a cyclical correction. (ticker: HOOD) and other trading platforms were quarter of 2022, and Reddit investors seem to believe AMD will . Why does no one seem to think the housing market will …. As of April 13th, 2022, the 30-year fixed-rate mortgage hit 5% for the first time since 2011. As many of us are still spending a great deal of time at home due to COVID-19 pandemic, at-home entertainment has become more important than ever before. With the COVID-19 vaccine gaining momentum and the economy coming back strong, millions of households could be potential homebuyers in 2022, which indicates the housing market won’t crash in 2022. Here are the other possible causes of a US housing market crash in 2022 : 1. A report released today by Royal LePage showed GTA housing prices up 2. For years home buyers paid in excess of 5% for mortgages. First, there is an increase in the number of people who are looking to rent instead of buy. Montreal sees 'shift in market dynamics' as home sales and prices slip. Mortgage rates are expected to remain near borrower-friendly levels, which will help maintain a strong housing demand. Here are three top battery stocks to buy for long-term investors looking to add risk before the end of the year. Most housing experts are predicting the market to remain strong for a while for several reasons. Big house price fall in 2023 then years of stagnation. 9 per cent next year and then will effectively stagnate until 2027 according to a gloomy forecast from the Lloyds Banking Group, which owns the Halifax. 17 hours ago · Is a Housing Market Crash Coming? By Shrey Dua Oct 31, 2022 Stocks to Sell Sorry! You Can’t Turn Back the Clock on META Stock. Don't buy more than you can afford. A host of new data offers further evidence of a housing market crash. 44K subscribers in the REBubble community. This translates to 4-5% on the 10-year treasury yield, resulting in 5-6% on 30-year mortgage rates. Sun, Oct 30, 2022 LOGIN Subscribe for $1. We may see a crash in the real estate market though. The simple answer is that it will not crash anytime soon and we certainly don't see a housing market crash coming in 2022. Here are the other possible causes of a US housing market crash in 2022: 1. CoreLogic predicts a return to normalcy in 2022, not a crash in 2022. Our realtor has told us the market is cooling and that it would be a to be able to hold onto the house we lived in in the crash of '56. I've collected these articles over the past few months of all the factors I think are playing into the real estate bubble and why it will pop. “We're 100% confident the price appreciation will slow down significantly,” said . Investors and traders have pushed down share prices and pushed up credit default swap prices over the past few days. I could see 20% nationally as well but we shall see. That will in turn push up the entire yield curve to a level close to recent historical norms. Housing experts predict market ‘correction’ in late 2022. Prices will increase in 2022, flat in 2023, correct not crash in 2024 without a depression level. The low inventory, frantic bidding wars, and far-above-asking sales prices are reminiscent of 2004-2006. Home pricing are going down in late 2022, 2023, 2024 High interest rates and very high price levels are not sustainable.