https://fortune.com/2022/08/28/odds-of-falling-home-prices-by-housing-market-as-told-by-one-interactive-map-corelogic/

If home prices only go up 2.4%, that will be the smallest increase since 2010. We had a recession between the GFC and Covid. Not talked about very often, but it was there.

During the GFC home prices dropped 20% on average. But it was housing and excess that caused the entire financial meltdown to begin with.