Americans hoping for an ’08-style housing crash to afford a home are out of luck — Live Feedhttps://www.live-feeds.com/feed/americans-hoping-for-an-08-style-housing-crash-to-afford-a-home-are-out-of-luckContinuously updated, source-cited coverage. Americans Wanting an 08-Style Housing Crash Are Out of Luckhttps://www.live-feeds.com/feed/americans-hoping-for-an-08-style-housing-crash-to-afford-a-home-are-out-of-luckhttps://www.live-feeds.com/feed/americans-hoping-for-an-08-style-housing-crash-to-afford-a-home-are-out-of-luck#u111651Fri, 09 Oct 2026 09:55:09 +0000Americans waiting for a housing market crash to buy a home face disappointment as market conditions differ drastically from 2008. Home prices would need to drop 32% to offset current high mortgage rates and match the monthly payments of existing homeowners. The median US home sold for $429,100 in August, meaning the price must tumble to about $291,181 for a new buyer to achieve affordability parity. Meanwhile, mortgage rates recently surged to 7.28%, notching their largest weekly gain in four years and hitting nearly three-year highs while the unemployment rate climbs.Why it mattersProspective