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Residential Real Estate

Is a housing crash on the horizon? Eight experts weigh in on the possibility

Is a housing crash on the horizon?

Exuberant buying – with multiple offers and bidding wars  – has become common across the country, reminisicent of the fevered market before the 2008 housing crash. 

Home prices nationwide increased year-over-year by 18% in July 2021, the largest annual growth that CoreLogic Home Price Index has measured in its 45-year history.

That leads to the inevitable question: Will history repeat itself?

USA TODAY spoke to eight experts to find out if a housing crash is on the horizon.

The short answer? No.

For one, they say the housing market in 2021  is not like the boom-bust cycle leading up to the Great Recession.