604: BiggerNews May: What the Media Isn't Telling You About a “Housing Crash”

<p><strong>It’s a </strong><a href="https://www.biggerpockets.com/blog/housing-market-trauma-and-real-estate-investing" rel="noopener noreferrer" target="_blank"><strong>housing market crash</strong></a><strong>! It’s a housing market bubble!</strong> It’s a relatively normal and stable housing market! Two of these statements might make you excited, anxious, or hopeful, while one simply makes you yawn. For years, we’ve heard numerous <strong>news outlets, forecasters,</strong> and <strong>housing authorities tell us that the next housing crash is right around the corner</strong>, only for <a href="https://www.biggerpockets.com/blog/home-prices-market-peak-2021" rel="noopener noreferrer" target="_blank">home prices</a> to skyrocket, interest rates to rise, and demand to stay red-hot.</p><p>If you want to know if a housing market crash is coming, <strong>Rick Sharga,</strong> Executive Vice President at ATTOM, a leading provider of nationwide property data, is the person to talk to. His entire job is based on <strong>finding and figuring out the data behind housing market movements</strong>, which he then presents to field leaders who are trying to make better buying, selling, and lending decisions.</p><p>Rick is an industry vet and was around during the <strong>mid-2000s housing market crash</strong>, the great recession, the <a href="https://www.biggerpockets.com/blog/foreclosure-crisis" rel="noopener noreferrer" target="_blank">foreclosure crisis</a>, and everything that followed. Rick has seen the runup in housing prices over the past two years and <strong>has some interesting theories as to where we’re headed next</strong>. Whether you think we’re in for smooth sailing or on the cusp of another crash, Rick’s predictions may surprise you.&nbsp;</p><p><strong>In This Episode We Cover:</strong></p><p><strong>Why competition has recently fallen</strong> and whether or not this is permanent for the housing market&nbsp;</p><p>The difference between<strong> 2022’s housing market</strong> and <strong>the 2007