Graham Stephan, relaying another source: Housing crash will happen

Said on Jul 10, 2024, at 3:18 in the video.

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S&P Cotality Case-Shiller U.S. National Home Price Index: S&P Dow Jones Indices via FRED

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biggest decreases and increases across the country, I just want to say accurately predicting the real estate market is incredibly challenging, especially since each market is so localized. But one method tries with fairly decent accuracy dating all the way back to the late 1800s, and that's what's known as the 18-year cycle. This was originally identified by the British real estate economist Fred Harrison. And by using these techniques, he correctly predicted the housing market crashes in the early 1990s and in 2008, a full decade before they happened. And according to him, he thinks the next real estate crash is going to occur in 2026. As he explains, every 18-year cycle begins with a 14-year expansion where prices rise, followed by a subsequent four years where prices fall. And it all begins once a market starts recovering from a crash. During this time, demand is low, the market is uncertain, banks aren't lending a lot of money, and new construction somewhat stall. However, in the next phase, demand begins to pick up, rents begin to increase as more inventory gets sold, and construction picks up to satisfy some of the extra demand. In the third phase, though, the market starts to

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