Will the S&P/Case-Schiller U.S. National Home Price Index (CSUSHPINSA) Be Below 215.0 by June 1st, 2024?
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A fall from 293 to 215 is a 27% drop, which seems very unlikely to me (as much as this Georgist, Yimby, soon-to-be-first-time-homebuyer would love to see it happen!!) based on the spread of forecasts by big research firms such as the ones listed in this article: https://fortune.com/2023/05/10/housing-market-home-price-predictions/. A reduction like that would sadly probably only result from some kind of really massive economic catastrophe (the bottom of the post-2007 housing market was a similar ~27% peak-to-trough drop).
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