prices will not go down in a meaningful way unless we build millions of houses, which isn't going to happen. so the way things have been the last few years is the new normal. the only other way you'll see significant drops in the price of a home is if many people start to default on their mortgages, which is also unlikely, but there is a slight chance if the job market gets worse or it turns out that people have taken on too much debt the last few years.
United States