They did not play silly financing games to give people who could not afford loans a mortgage like during the Bush admin, so we should not have a crash. Prices will go down some depending on the market because of interest rates though. In a good market it will just go flat until interest rates drop.
Median home prices don’t provide a lot of information about what any particular home would sell-for. Sometimes the only thing it shows is what type of homes are hot right now.
Is everyone buying big-priced McMansions?
or is everyone buying low-priced starter homes.
Anyway, here is an updated illustration of the median selling price for homes: