Surely this would happen but it'll be k-shaped as all things are now. Areas that are in insurance deserts due to (worsening) natural disasters will probably be the hardest hit, those and the slots in unmaintained x-plexes owned by those with bad credit ratings.

Rising interest rates doing their job, pulling down asset prices.

Fannie Mae sharply raises mortgage rate forecast for 2027 - https://www.cnbc.com/2026/10/14/fannie-mae-sharply-raises-mo... - October 14th, 2026

https://www.ustreasuryyieldcurve.com/

https://fred.stlouisfed.org/series/mortgage30us

https://news.ycombinator.com/item?id=47596362 [scoreboard]

they ll advertise this as how immigrants being kicked out has caused it