I listened to some analysis yesterday that mostly agrees with that based on current inventory and new home starts relative to demand. The amount referenced of institutional buyers as a percentage of total homes bought last year was at nearly 20% which I thought was very high. Certainly seems like we are not going to repeat 2008.
I read that it was 13%.
I agree with SD, at most I see a flattening, but probably nothing like a crash. It is, and has been, a supply/demand issue. Rates could get high enough to significantly drop the prices, but I don't think that will happen.
I'm putting my money where my mouth is on that. But my property values are largely based on NOI, and I definitely don't see the desire for cashflow, tax savings, equity growth, and an inflation hedge going away any time soon.