 To which Redfin chief economist Daryl Fairweather says, It's not very likely the entire housing market is going to go down in value because there is a fundamental shortage of homes for sale and there are so many people who want to buy a home. So even if prices were to fall, a lot of people would jump into the market and it wouldn't create a huge problem like it did during the foreclosure crisis in 2008. That was a special event. Fairweather made her remarks in a Redfin social media post.