[bequanna]

Housing affordability has never been as low as it is currently and we are headed into a recession.

I think large drops (40-50%) in most regions are likely.

[jjcon]

Yeah I think a correction is likely - haven't seen anyone being nearly that pessimistic (or optimistic probably if you're younger and in the USA) but shifts from 5-15% depending on the market have been predicted by plenty of firms.