Housing Market Crash or Correction? Will the Bubble Pop or Just Deflate?

There is no definition for a housing market crash. We talk about the real estate market correcting and what that means. We believe that there won’t be a crash but that prices may correct if the economy tanks.

The stock market is far more volatile that the housing market, but the housing market also lags the economy by a small margin. Wall street has predicted home prices to continue to rise in 2022 and also in 2023.

If there is a housing crash in 2023 we should know with rising inventory by the fall. It is unlikely that rising foreclosures will cause the housing market to crash since there is very little pre-foreclosure activity in the real estate market.

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