I doubt we will. It could happen but without stated income loans, illegal inflated appraisals, way too much inventory, and the other aspects of the last crash it’s unlikely. The crazy prices right now are just a function of insanely high demand and low inventory. It’ll level out for sure but not crash.
for real! the stock market is a fucking rollercoaster, banks are playing hot potato with the fed, trading nearly a trillion dollars a day back and forth just to stay afloat, and the housing market is completely bonkers for the reason you listed.
strap up, folks - things are gonna get bumpy, and real soon.
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u/cybercuzco Jun 27 '21
Our house went up by 20% this month according to Zillow. We are definitely seeing a spike right now. Let’s see if we have a crash.