Tag results for: home price correction
Fed’s housing market ‘reset’ has officially set off the second-biggest home price correction of the post-WWII era
In June, Fed Chair Jerome Powell told reporters that the overheated U.S. housing market—which saw U.S. home prices rise over 40% in just over two years—needed a “reset.”...
Where home prices in 2023 are headed in your local housing market, according to Zillow’s revised forecast
Of course, just weeks later, the Pandemic Housing Boom began to fizzle out. Each forecast since, Zillow slashed its 12-month home price outlook. In April, Zillow revised it...
Updated: Odds of falling home prices in your local housing market, as told by one interactive map
Unlike the stock market, which corrects through price shifts, housing corrections are historically felt the most acutely through declines in housing activity. That, of course, is why spiked...
The home price correction intensifies—what to expect from the U.S. housing market in 2023
That, of course, is what we’re seeing now. Despite favorable demographics and tight inventory levels, pressured affordability—spiked mortgage rates coupled with frothy home prices—is beginning to push home...
