The new year of 2023 kicks off with the US Housing Market "frozen" and at a virtual standstill. With current and future sales activity down and to record lows, the Housing Market is eerily similar to what occurred just before the 2008 Housing Crash. The Housing Bubble has burst and the Housing Correction is underway. Another growing concern is the exposure with recent (2022 originated) FHA mortgages, many of which are already in default, or actually underwater.