Have noticed a ton more houses for sale in my city, about double of last year. Prices have declined and houses are staying on the market longer. I think people thought interest rates were finally going to go down but with the fed keeping them at their current levels there’s a lot of owners trying to get out of the market while it’s still relatively up. I suspect within another year the bubble is going to burst.
I doubt there will be much of a crash in housing , if anything increased housing supply will just slowly normalize house prices and any drop in interest rates will bring huge wave of buyers to clear the inventory as pent up demand has people building down payments waiting for interest rates to drop. We are still wildly deficit in affordable housing supply
The lending standards for housing are still relatively tight , it’s not like 2007.