Housing Prices, Mortgage Rates Set to Fall in Spring and Summer 2023 - Business Insider

Now, as demand slows, an economist says US home prices could fall as much as 20% in 2023. In addition, a slowing economy overall could bring 30-year mortgage rates back down. Read More

Falling home prices are raising the risk of a deeper correction as the housing market cracks under high mortgage rates

The latest Case-Shiller home price report showed a 0.3% monthly fall in the 20-city index in April, steeper than March's downwardly revised 0.2% dip. Read More

Existing home sales fall to lowest level in nearly 30 years

Existing home sales declined in 2024 to the lowest level since 1995, while median home prices rose to a record high as elevated mortgage rates confound the market. Fox Business Personal Finance ... Read More

Home Prices Could Drop for Next 6 Months As Inventory Hits Highest Since GFC - Business Insider

Home prices could start falling as soon as the end of summer, one strategist predicts. That's due to a sharp rise in unsold homes, with inventory climbing 16% year-per-year in April. Read More

Why We Expect Inflation to Fall in 2024 - Morningstar

Overall PCE inflation was 2.3% year over year as of August 2024, with core PCE inflation at 2.7%. After soaring to 6.5% in 2022 and 3.7% in 2023, PCE inflation should post an annual average of 2.4 ... Read More

Home prices down year over year, breaking record 131-month streak of increases

Existing home prices dropped from February 2022 to last month, marking the first such decline after about 11 years of increases. The median existing-home price for all housing types was $363,000 ... Read More

Home Sales Fall 5.9% in March as Mortgage Rates Remain High | Economy | U.S. News - U.S. News & World Report

Existing home sales fell 5.9% in March and are now at an annual pace lower than during the height of COVID-19. The median price of a home rose 2.7% to $403,700. Sales of existing homes fell 5.9% ... Read More

Are home prices dropping? Search by zip code to see values in your area - The Washington Post

Many first time home buyers are struggling to break into the U.S. housing market as prices continue to rise. Since 2019, home prices have surged 54 percent. In the last year, prices increased 5.8 ... Read More

Economist who called 2008 housing crash predicts another 15% drop in home prices

"We estimate that single-family home prices have fallen by 5.4% from their recent peak in May 2022, but they still need to fall by a further 15% or so before they return to their long-run average ... Read More

U.S. economy went into reverse in the first quarter, new GDP data shows - CBS News

Another key measure of the economy's health — known as final sales to private domestic purchasers — also rose 3% in the first quarter, edging up from 2.9% in the previous three months. Read More