Let’s go back in time. In 2008, people were worried about losing their home in a foreclosure. A lot of homes hit the market, but there were not enough people to purchase them, and prices fell.
2008 is different. The housing bubble was a big factor in the actual recession itself. That is not the case right now.
A graphical look at this economy vs 2008 and other recessions.
Source for charts: Keeping Current Matters