For some reason people think this housing correction will happen much quicker than last time, as if 2006 - 2012 was the stone age and the internet didn't exist or something. I'm inclined to think it's going to take years. People forget that the housing market is sticky as in people asking prices as if rates are still 3% when rates are 7%.
I’m inclined to believe the full crash will take years but short term there will be drops that historically would be considered a “crash” but due to volitility will get explained away as not a crash and just a bump or a dip.
These mini crashes will occur as different forms of investor and home owner have to exit or move.
Should have a graph looking like a roller coaster when we are done.