Housing crash

HPIPONM226N · indexLatest 450.4 (Aug 2026)

As of Nov 3, 2026, Callsight counts 27 calls about a housing crash that tracked channels made themselves, checked against the Case-Shiller national home price index on FRED. At one year: 12 correct, 2 incorrect, 2 partly correct, 4 still open. The other 7 have no one-year verdict; each call's card says why.

Own predictions

27

4 said it would happen · 18 said it would not

Correct / incorrect after 1 year

12 Correct 2 Incorrect

plus 2 partly correct and 0 within band. Every call counted, repeats included.

Still open

4

Windows not yet closed

Housing crash and the predictions about it

HPIPONM226N · indexRecession (NBER)Said it would happenSaid it would not happen

The verdicts on this page are judged on one index and the chart draws another. The first may not be charted here without its publisher's permission, so the chart shows a public index of the same market, for reference. The two can differ.

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

Chart: FHFA purchase-only House Price Index, United States: U.S. Federal Housing Finance Agency via FRED, latest published figures. Grey bands are recessions.

The series on FRED: CSUSHPINSA

The series on FRED: HPIPONM226N

Latest predictions about Housing crash

29 predictions in all, newest first: 27 own, 2 relaying someone else's forecast (not scored).

What was said
Graham Stephan

@grahamstephan

“but it is to say that you shouldn't be waiting for a 30% crash that'll probably never happen.”
Watch at 14:58WTF Is Happening To The Housing Market?!
PredictionHousing crashwill not happenChecked at fixed windows, from 30 days to 5 years
What happenedafter 30 days
Correct so far · 30 days

Reading when said

337.31

Jul 22, 2026

Reading at close

336.74

Aug 21, 2026

Change

−0.56

The house price index (CSUSHPINSA, first releases) stood at 337.3 in July 2026, the figure at the start of the window. Between then and August 2026, its deepest fall from a running peak was −0.2%, in August 2026. A fall of at least 10.0% counts as a housing crash, and at least 5.0% as partial. The call was that no housing crash would come.

30 days

Correct

90 days

Pending

180 days

Pending

1 year

Pending

What was said
Graham Stephan

@grahamstephan

“I don't think we're headed for a housing crash because there are too many sellers with too much equity for prices to meaningfully fall.”
Watch at 14:05WTF Just Happened To The Housing Market?!
PredictionHousing crashwill not happenChecked at fixed windows, from 30 days to 5 years
What happenedafter 90 days
Correct so far · 90 days

Reading when said

329.94

Mar 25, 2026

Reading at close

336.66

Jun 23, 2026

Change

+6.73

The house price index (CSUSHPINSA, first releases) stood at 329.9 in March 2026, the figure at the start of the window. Between then and June 2026, it never fell below a running peak. A fall of at least 10.0% counts as a housing crash, and at least 5.0% as partial. The call was that no housing crash would come.

30 days

Correct

90 days

Correct

180 days

Pending

1 year

Pending

What was said
Graham Stephan

@grahamstephan

“That is why the chance of a 2008 style crash happening from something like this relatively unlikely in the foreseeable future.”
Watch at 13:37WTF Is Happening To The Housing Market?!
PredictionHousing crashwill not happenChecked at fixed windows, from 30 days to 5 years
What happenedafter 180 days
Correct so far · 180 days

Reading when said

328.15

Nov 13, 2025

Reading at close

335.1

May 12, 2026

Change

+6.95

The house price index (CSUSHPINSA, first releases) stood at 328.1 in November 2025, the figure at the start of the window. Between then and May 2026, its deepest fall from a running peak was −0.5%, in January 2026. A fall of at least 10.0% counts as a housing crash, and at least 5.0% as partial. The call was that no housing crash would come.

30 days

Correct

90 days

Correct

180 days

Correct

1 year

Pending

What was said
Graham Stephan

@grahamstephan

“On top of that, national home prices have remained fairly stable, so it's unlikely we're going to see a crash.”
Watch at 9:12BREAKING: Federal Reserve JUST SLASHED RATES – Massive Pivot Ahead!
PredictionHousing crashwill not happenChecked at fixed windows, from 30 days to 5 years
What happenedafter 180 days
Correct so far · 180 days

Reading when said

328.94

Sep 17, 2025

Reading at close

329.94

Mar 16, 2026

Change

+1

The house price index (CSUSHPINSA, first releases) stood at 328.9 in September 2025, the figure at the start of the window. Between then and March 2026, its deepest fall from a running peak was −0.7%, in January 2026. A fall of at least 10.0% counts as a housing crash, and at least 5.0% as partial. The call was that no housing crash would come.

30 days

Correct

90 days

Correct

180 days

Correct

1 year

Pending

What was said
Graham Stephan

@grahamstephan

“I don't think national home prices are going to crash.”
Watch at 18:44WTF Just Happened To The Housing Market?!
PredictionHousing crashwill not happenChecked at fixed windows, from 30 days to 5 years
What happenedafter 1 year
Correct

Reading when said

330.02

Aug 27, 2025

Reading at close

336.74

Aug 27, 2026

Change

+6.72

The house price index (CSUSHPINSA, first releases) stood at 330.0 in August 2025, the figure at the start of the window. Between then and August 2026, its deepest fall from a running peak was −1.0%, in January 2026. A fall of at least 10.0% counts as a housing crash, and at least 5.0% as partial. The call was that no housing crash would come.

30 days

Correct

90 days

Correct

180 days

Correct

1 year

Correct

What was said
Coin Bureau

@coinbureau

“the bad  news isn't that the market is going to crash the   bad news is that it isn't”
Watch at 0:25Housing Market in 2025: No Crash, Just Collapse in Slow Motion
Predictiona call under review
What happened
Not scored

How this call was recorded (its subject, its direction or a figure) is being checked again, because the words may not say what was first recorded. It is not scored until a person has reviewed it.

What was said
Graham Stephan

@grahamstephan

“we're not going to be seeing a 10 to 20% real estate collapse anytime soon outside of a few localized markets.”
Watch at 12:50The Housing Market Just Flipped – Sellers Panicking!
PredictionHousing crashwill not happenChecked at fixed windows, from 30 days to 5 years
What happenedafter 1 year
Correct

Reading when said

331.51

Jun 9, 2025

Reading at close

336.66

Jun 9, 2026

Change

+5.15

The house price index (CSUSHPINSA, first releases) stood at 331.5 in June 2025, the figure at the start of the window. Between then and June 2026, its deepest fall from a running peak was −1.5%, in January 2026. A fall of at least 10.0% counts as a housing crash, and at least 5.0% as partial. The call was that no housing crash would come.

30 days

Correct

90 days

Correct

180 days

Correct

1 year

Correct

Earlier calls

Coin BureauHousing crash— not judged: the rule reads only US national figures

“this implosion in Canadian housing and banking will likely cause debt defaults in the US given how interconnected they are”

May 26, 2024 · after 1 year

Not verifiable

Graham StephanHousing crashwill not happen

“I highly doubt that we would see a crash like 2009 or 2008 since those were highly concentrated in the real estate markets but I also wouldn't be surprised if we just see a Slowdown and growth over these next 10 years”

Dec 27, 2023 · after 1 year

Correct

Andrei JikhHousing crashwill not happen

“But I wouldn't expect a crash like some people predict because there's a lot of people waiting on the sidelines to buy a a”

Oct 9, 2023 · after 1 year

Correct

Joseph Carlsona call under review

“so maybe the commercial real estate market really will collapse maybe it won't in my opinion I think it's very unlikely and I think investors are going to spend far too much time concerning themselves with it”

Apr 10, 2023

Not scored

Graham StephanHousing crashwill not happen

“I don't think this points to a cataclysmic crash to any degree.”

Dec 12, 2022 · after 1 year

Correct

Graham StephanHousing crashwill not happen

“even though that sounds severe, it's probably not going to lead to an all-out crash.”

Sep 14, 2022 · after 1 year

Correct

Andrei JikhHousing crash— not judged: the rule reads only US national figures

“the chinese real estate market could see the biggest property crash the world has ever seen”

Sep 9, 2022 · after 1 year

Not verifiable

Coin BureauHousing crashwill happen

“it's only a matter of time before that big crash comes and even though it probably won't happen everywhere at once it will almost certainly be a global phenomenon”

Aug 13, 2022 · after 1 year

Incorrect

Graham StephanHousing crashwill not happen

“there is nothing that points to a severe or imminent real estate crash with the information that we currently have available.”

Jul 29, 2022 · after 1 year

Correct

Graham StephanHousing crashwill not happen

“I honestly don't see anything that would point to a massive housing collapse”

Jul 8, 2022 · after 1 year

Correct

Coin BureauHousing crashwill not happen

“so it appears that we may indeed escape a great housing crash in the u.s”

Jun 12, 2022 · after 1 year

Partly correct

Graham StephanHousing crashwill not happen

“we could see some softening but the chance of a crash seems pretty unlikely with the information that we have available to us today”

Jun 1, 2022 · after 1 year

Partly correct

Graham Stephana call with no clear direction

“whatever happens today is not likely to show up in the markets for probably another two years”

Aug 27, 2021

Not scored

Graham Stephana call under review

“realistically for the overall Market expecting foreclosures to show up anytime soon is probably not going to happen”

Aug 27, 2021

Not scored

Graham Stephan, relaying another source: a call with no clear direction

“some analysts are actually calling for this to be the next housing crisis”

Apr 23, 2021

Relayed

Graham StephanHousing crashwill not happen

“I highly doubt we would see a crash as severe as 1929 or 2008, which are both events that were highly concentrated and directly hit the real estate market.”

Mar 19, 2021 · after 1 year

Correct

Graham StephanHousing crashwill happen

“at some point in the future, there's going to be another real estate crash.”

Mar 19, 2021 · after 1 year

Incorrect

Graham Stephana call under review

“we're unlikely to see a mass wave of foreclosures because overall the majority of homeowners have significant equity in their homes”

Sep 4, 2020

Not scored

Graham StephanHousing crashwill not happen

“that's why i think this is unlikely to lead to any sort of catastrophic real estate collapse in the near future”

Sep 4, 2020 · after 1 year

Correct

Graham StephanHousing crashwill not happen

“I don't see any indication that real estate is a bubble or that real estate is gonna come crashing down anytime soon”

Apr 11, 2018 · after 1 year

Correct

Graham StephanHousing crashwill not happen

“I don't see there being any sort of devastating real estate crash like everyone is talking about so many people are talking about there being another bubble that real estate is just grossly overpriced”

Nov 2, 2017 · after 1 year

Correct

Blog

Questions people ask

What have finance YouTubers predicted about a housing crash?

As of Nov 3, 2026, Callsight counts 27 calls about a housing crash that tracked channels made themselves, checked against the Case-Shiller national home price index on FRED. At one year: 12 correct, 2 incorrect, 2 partly correct, 4 still open. The other 7 have no one-year verdict; each call's card says why.

How is a call about a housing crash checked?

Against the Case-Shiller national home price index on FRED, using each value as it was first published rather than later revisions, at 30 days, 90 days, 180 days, 1 year, 3 years, 5 years, by fixed rules that are the same for every channel.

Is this investment advice?

No. This is a record of what people said in public and what happened next. Nothing here tells you to buy or sell anything.

Every count on this page includes repeats: a call made again in a later video counts again, so the counts can differ from a channel's record, which counts each distinct call once.