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The housing market has been one of the most vibrant corners of the pandemic-era economy, but a new survey finds more than half of Americans believe it will crash either this year or next year.
What Happened: The survey by
LendingTree Inc. (NASDAQ: TREE) polled 2,051 adults conducted between Dec. 17-20 and found 41% of respondents predicting the housing market bubble will deflate during 2021 and force accelerating home prices to fall. Another 26% of respondents forecasted the same scenario in 2022, while 13% did not see another housing market crash in the near future.
LendingTree's Chief Economist Tendayi Kapfidze cast his lot with the 13% of naysayers.