What happens to homeowners if the housing market crashes
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When will it be a buyers market...
When Will the Housing Market Crash?
When was the last housing market crash
Economists Don't Foresee It in 2025
- Experts overwhelmingly say that the housing market isn't going to crash anytime soon.
- The last housing crash helped cause today's lack of supply, which is what's keeping prices from falling.
- Mortgage rates, however, are expected to ease in 2025.
This will help make homeownership more affordable.
Thanks to elevated mortgage rates and high home prices, it's been a tough year for homebuyers. In Fannie Mae's most recent National Housing Survey, only 23% of consumers said they think it's a good time to buy a home.
Home prices are up 2.5% year over year, according to Zillow, and many housing market forecasters expect them to continue trending up throughout 2025 — though likely at a slower pace than in recent years.
The challenging housing market has many would-be buyers wondering if home prices will ever go down, or if they might crash in the near future.
Is there a chance the housing market will crash anytime soon?
And if it does, will that make homes more affordable for first-time homebuyers?
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