What is mostly likely to happen in the next 12 months is a real estate cool down. While this won't be a great decline in price, the hot rise in price will finally stop. Two factors will have the greatest influence. First the Fed is raising rates all year long. Mortgages just hit 5.5 percent and rates will climb another 2 percent or so in the next 12 months, at the current Fed planned increases. And in the next 12 months, new homes will put a big dent in the supply shortage of homes on the market. These two factors will stagnate home prices and may push a small dip in prices. The factor that is not yet in play is foreclosures. The US housing market has almost no foreclosures on the market. This is because mortgagees did not foreclose during the pandemic. If government backs off the pressure on banks to withhold foreclosing, then we could see a bump in inventory of older homes, which will drive down prices.