Are we heading into the next Real Estate Market Crash?

[James Allen]

Hi BP Members,

Thought I'd get everyone's thoughts on the current market. Are we heading into a real estate crash/correction? 

I've recently noticed that the amount of inventory is starting to pile up in my area and some of the areas I invest in along with reports of some areas experiencing a dip in sales volume last month. I understand that RE is local but this could also be the beginning of fear spreading throughout the country.

Couple things I found interesting:

1.I did a search for housing market (Neutral search) and all posts on the 1st page were negative about the housing market with all of them recent articles. Link: https://www.google.com/search?q=housing+market&sou...

2. Last thing I found interesting was the google trends results for "Housing Market" & "Housing Crash". I noticed we had a sudden major swing to the highest search volume in over 5 years. That change happened in one week! 

Link #1: https://trends.google.com/trends/explore?date=toda...  

and Link #2: https://trends.google.com/trends/explore?date=toda...

This isn't hardcore evidence to start freaking out about and this is all speculative but still interesting none the less. Just looking to get the communities thoughts on what's going on. Do we think this could the beginning stages of a correction or crash? 

[Mike Dymski]