Has anyone else paid attention to Housing prices? Wow

The problem I see is interest rates are low and banks are not requiring 20% down they allowing as little as 3-5% down so the monthly Mortgage payment is so high it requires 2 person income to afford the home so when 1 person loses there job which is going to happen you will have a lot of foreclosures just like what happened under the Obama administration and home prices will plummet.