Buyers market or housing CRASH?

[Kenny Simpson]

WOW, it is crazy how divided articles, economist, housing experts and the media are so split on this TOPIC?  I am seeing people that I know or follow that study data say "it is a buyers market".  I am also seeing articles, news, etc. from smart people say we are going to have a 2008 like CRASH is some markets?  They seem to be talking about a hypothetical future based on guessing because I do NOT see the data supporting a housing crash.

                                                                                                      What do you THINK?

Lets look at the DATA:

Properties on the market.  As of Dec 2022 it was 970K and about 200K + were in escrow

Borrower profile:  The higher the number below the easier it is to get a MORTGAGE, so HIGH is BAD.

ARM products: Many ARM loan were option arms, neg amortization loans, had teaser rates for 1 or 2 years.

Debt to income:

Foreclosures and short sales: