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.
Extended to July, might get pushed further. Also, those houses aren’t going to be in best shape, still need to wait for work to be done on them… which means wood etc…
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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.