Anyone who's invested in real estate doesn't want home prices to go down, but it seems a necessity considering how affordability has been decreasing. I would think a buyer market can only sustain so much. If a recession is caused by tariffs, AI taking jobs, war, etc; the real estate market seems to be in a precarious enough position to be affected.
Well, inflation can always solve affordability if prices stagnate. This is what made the 90s a great time to buy, right? We're pretty far behind the ball though, I think it'd be like 20 years for us to get back to that level of affordability at current nominal interest rates.
It has zero interest in homes going down in value (not only from a voting perspective, but also from a financial perspective).
The thing that's going to give (long term) is not going to be nominal home prices.
Real home prices declines are plausible.