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Soaring home prices, rising mortgage rates, a 40-year inflation high and other factors are fueling concerns that the U.S. housing market could crash.

While some experts have doubts about whether such a crash would match the severity of 2008’s housing bubble collapse, the prospect of a downturn may leave some Americans wondering who stands to benefit the most and the least in such a situation.

Newsweek spoke with two experts for insights on the biggest losers and winners in a housing market crash.

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