I'm not sure what the situation is in the US, but in the UK there has been a number of changes which has helped increase the rate of new house building to incre

I'm not sure what the situation is in the US, but in the UK there has been a number of changes which has helped increase the rate of new house building to increase the stock. This, along with Brexit uncertainly, looks like it's starting to show signs of slowing down the dramatic shortages and house price rises we've been seeing for decades. Some people bought based on assumptions regarding the rate of price rises and may be disappointed, but I don't expect a crash resulting in a lot of defaults because lending criteria has been tightened and many people have the last recession in their recent living memory so they are more careful.