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You wish. As long as housing is seen as an investment, there will be enough people buying to keep the prices going up.
Its not me doing the wishing or future predicting here.
It is Zillow.
They have the largest, most comprehensive, and most frequently updated database of information on US home prices... basically, in existence.
They are saying you are wrong.
Not me.
Worth noting that the -1.7% figure is ... nationwide, amalgamated.
There will be areas that keep appreciating, areas that stay flat... but many, many more areas that will depreciate.
I live in a ski town, which is a second home market. Houses are surging onto the market right now as people are wanting their capital liquid, and prices are softening quickly as people get desperate to offload these rental houses when absolutely no one wants to buy at the moment. Our vacation rental market reached peak saturation a year or so ago, and now it's a losing battle for many, especially considering we had two bunk winters in a row and owners lost their asses.
I don't expect houses to return anywhere near where they were before COVID, but I'm optimistic they'll become semi affordable in the next year or two. I'm just tired of renting and facing the prospect of moving because a landlord gets a wild hair up their ass.
Not the people being deported, or the people who work for a living whose savings are going to get devastated...