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The Latest Breaking News from Home Prices

US housing cools further, with prices down 2.7% from peak

Home prices in the U.S. declined for a sixth straight month, sending a key index of values down 2.7% from its peak in June.

Tribune News Service

House price falls ease in February with Sydney posting a rise as real estate listings dry up

A lack of properties for sale and the first rise in Sydney home prices in more than a year stabilise real estate values across the nation. But for how long?

ABC News

The Pandemic Housing Correction is both mild and the second biggest home price pullback of the post-WWII era

U.S. home prices as measured by the seasonally adjusted Case-Shiller National Home Price Index fell for the sixth straight month in December.

Fortune

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These 124 housing markets are weathering the home price correction (so far) in 1981 fashion

Among the nation's 400 largest housing markets tracked by Zillow, 124 markets remain at their peak.

Fortune

Fannie Mae: The housing market just pulled a head fake

The housing market’s “relative high note” in January and February is likely to “prove temporary,” say Fannie Mae economists.

Fortune

The housing market correction has already caused homeowners to lose $2.3 trillion

A correction in home prices has erased $2.3 trillion in nationwide home values, but homeowners are still up roughly $13 trillion since February 2020.

Fortune

Bay Area homes selling below asking price for first time in 10 years

SAN JOSE, California -- Looking to buy a home in the Bay Area? The odds of scoring a deal could be tipping in your favor.

Tribune News Service

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Investors are buying half as many homes

Not since the 2008 housing crisis have investors backed off buying homes like this, according to Redfin’s new report.

Fortune

The housing market downturn isn’t over

Just as the U.S. housing market started to show some signs of life, mortgage rates began rising once again.

Fortune

Zillow says the home price correction is winding down—here’s what 28 other forecast models have to say

Fortune once again tracked down the latest home price forecasts from 29 of the nation's leading real estate researchers.

Fortune

San Francisco looks like a deflating Pandemic Housing Bubble—while housing markets in New York and Chicago remain stable

This sharp correction has seen San Francisco shed nearly half of its Pandemic Housing Boom gains.

Fortune

How much you need to make to afford a $600,000 home

Home prices are beginning to level out. If you’re on the hunt for a new address, here’s how much experts say you need to afford a mortgage at a $600,000 price point.

Fortune

Are mortgage rates finally on the downturn? Here’s what buyers need to know

Many homebuyers — already stretched thin by high home prices — have been waiting eagerly for mortgage rates to fall.

Tribune News Service

Goldman Sachs makes a bold housing market call

U.S. home prices might be nearing the bottom, says Goldman Sachs.

Fortune

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The New Daily

Higher rates, falling home prices and real wages, but no recession: Economists’ forecast for 2023

Higher interest rates, falling home prices and real wages, but no recession. The economic forecast from top financial experts.

The Conversation

Higher interest rates, falling home prices and real wages, but no recession: top economists' forecasts for 2023

Australia’s Reserve Bank is set to push up rates once again at its first meeting for the year on Tuesday, according to all but two of the 29 leading economists surveyed by The Conversation at the start of 2023.

Fortune

CoreLogic updates its home price risk assessment for 392 U.S. housing markets

The big question heading forward is will the home price correction soon fizzle out or carry on?

Fortune

The housing market correction, as told by 4 charts

Overheated housing markets are seeing sharp home price corrections. Other markets, not so much.

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Fortune

This is the second-biggest home price correction of the post-WWII era—it's also a fairly mild correction

Seattle home prices are down 13.5%, while Chicago home prices have only fallen 0.8%.

Fortune

National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed

Fortune tracked down the latest home price forecasts from 29 of the nation's leading housing researchers.

Tribune News Service

Inflation and the housing market: Decoding the latest number

There’s good news on the inflation front: December 2022 marked the sixth straight month that the U.S. rate of inflation has decreased.

Fortune

The housing market recession could be bottoming out. What does it mean for home prices?

To better understand what's going on in the U.S. housing market, Fortune reached out to Zonda chief economist Ali Wolf.

The Independent UK

Four cities identified by Goldman Sachs to be on track for record home price drop

‘Many cheaper markets saw astonishing appreciation due to the higher salaries tech workers brought with them’

Fortune

Moody’s vs. Zillow: Each firm’s 2023 home price outlook for over 300 regional housing markets

Economists are divided as to whether the housing correction is simply a minor setback for home price growth or the early innings of a sharper correction.

Fortune

The free-fall in housing market activity just concluded, says Capital Economics

U.S. home prices will continue to fall in 2023 even as home sales bottom out, says Capital Economics.

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