There’s been an explosion of Americans asking Google the question: “When is the housing market going to crash?”
Data from Google underscore the concerns that many people have about the state of the market.
Searches for the phrase, “When is the housing market going to crash,” are up 2,450% over the past month. Similarly, Americans are searching in droves for explanations about why the housing market is so hot and why home prices are rising, Google reported.
Americans’ concerns are perhaps a natural by-product of today’s extremely competitive market, economists said. “If we see prices rising as quickly as we have, for some people it might spark some memories of the last time around,” Matthew Speakman, an economist with Zillow (ticker: ZG) said.