Since 2020 the prices for buying or renting a house has only gone up, with a peak in mid 2021.

Recently, those numbers have gone down drastically and a chart shows that there might be a housing market crash soon. A similar thing happened in 2008.  Now this could be good and bad, just depends on how you look at it. If you plan on buying a house then good for you; but if you plan on selling your house, then now wouldn’t be the time to do it.

Now, like I said before a similar occurrence happened in 2008 and the median price for buying a house dropped below 0% and houses were as cheap as could be. This posed a problem for the people actually selling the houses because they were making close to no money.

In 2021 buying a house was the worst time to do it because they were so expensive at the time. In 2022 the median price for a house in the United States was $398,000 and the average rent price was $1,883. These numbers are so high because of states like California, New York, and Maryland where cheap housing is hard to come by.

There have been many predictions of the housing market crash since the median price of a house peaked in 2021, but it is now starting to go down.

And when I say down I mean it went down like a roller coaster. Looking at the charts, predictions are that the median price will go below 0% in 2024 so we shall see.