Your best for understanding the 2022-23 Housing Crash is understanding what happened during the last Crash (lasted roughly 5 Years from 2007-12).
Metros with the biggest price declines were:
1) Expensive
2) Speculative
3) Built Lots of Homes— Nick Gerli (@nickgerli1) September 19, 2022
Some of the markets are the same as 2007. Others are different. Interestingly, Austin, Raleigh, and Dallas all weathered last the Housing Crash fairly well. pic.twitter.com/OEUKeaM2DA
— Nick Gerli (@nickgerli1) September 19, 2022
US housing market in deep recession as homebuilder confidence tanks: economist