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A majority of Americans believe that a housing market crash could happen in 2024, and more than one-third of them want it to happen.

According to a survey of 2,000 American adults by LendingTree (NASDAQ:TREE), 44% of respondents think the housing market is at risk of crashing in the next year, with 25% stating that will not occur and 31% stating they were unsure.

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The survey also found that 36% of homeowners want the market to crash. Within this fatalistic group, 15% said a crash will help to lower their property taxes and 15% believed it would lead to future economic stability.

“Right now, home prices are high, as are mortgage rates,” said LendingTree Senior Economist Jacob Channel. “With that in mind, I can understand why some might wish for a housing crash that brings lower prices. Unfortunately, if the national housing market were to crash, odds are that it would bring down the rest of the economy with it.”

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LendingTree also reported that half (50%) of homeowner respondents said their current rate is keeping them in their houses while three-fourths (75%) said they were unsure if they’ll ever see rates as low as in 2020 and 2021 – with 11% of homeowners believing they will not be able to buy a home again.

And 62% of respondents said home prices will increase in the next year, with two-thirds (66%) of them believing they will rise by 5% or more. Nearly one-third (32%) of non-homeowners believed an economic downturn is the only way they could afford a home.

“It’s not impossible for home prices to fall and make a given housing market more affordable,” said Channel. “It’s also not necessarily impossible for the housing market to outright crash next year while the rest of the economy remains relatively okay – though it’s very unlikely. But if you’re hoping that the housing market will crash and make it easier for you to buy a house, you’ll probably be disappointed. Not only does data indicate the odds of a housing crash in the next few years are slim, the past shows that when the market crashes, it tends to hurt more people than it helps.”

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