This isn't necessarily a crash, but rather a market adjusting to new economic realities.What This Means for Real Estate Lenders:For lenders, this evolving landscape presents both challenges and areas for strategic focus:Loan Origination Headwinds: Expect potentially lower volumes of new loan originations, particularly for traditional purchase mortgages.

That day is coming, unless all economic theory I'm aware of is wrong, or companies eat the margins, and stock valuations come crashing down. 

JIm slightly disagree on FLA only goes up.. some of the biggest crashs in RE history have happened in FLA especially SWFLA  like values currently are dropping like crazy based on the over hyping of the area.The data is right there.

Here’s why.Filings Are Still Far Below Crash LevelsEven with the recent uptick, overall foreclosure filings are still very low.

I own both a mortgage company and, along with my wife, we own a real estate investment company that's been around since before the last crash.

Yep, it was during the 2008 crash.

U cant have 500k lot of record with thousands of them vacant that are trading at 10 to 30k.. like lehigh just leads to a ton of spec building and FOMO Values hold on scarcity they crash when the opposite happens.

Ive been doing this 23 years and have gone through every market cycle you can think of i am hoping in next 2 or 3 years we have a small crash with all the newbies trying to take advantage of appreciation and no cashflow and thinking this is easy business. 

So for me, I am now existing in a hold pattern of "crash-ready".

You don't need to make all your money on your first deal, but you do need to make sure you don't crash and burn, otherwise that will end your REI career right there.