Lenders have already tightened up loan requirements which will decrease the demand part of the equation. It is the same thing that happened during the great re

Lenders have already tightened up loan requirements which will decrease the demand part of the equation. It is the same thing that happened during the great recession. People may want to buy, but have no ability to do so. There's also the high unemployment rate and foreign investors liquidating inventory for capital because their country is also going through a downturn. All the ibuyers have stopped purchasing. If the stock market drops, 10% of buyers who use their 401k or IRA for their downpayment will probably dry up. I don't see any situation where the housing market doesn't drop.