Zillow projects that U.S. home prices will fall 1.7% between March 2025 and March 2026. Last month, Zillow economists still thought prices would rise this year.
Thats -1.7% across the whole country.
The US housing bubble has popped.
Fs in chat for your local obscenely overleveraged corporate landlord or serial home flipper or AirBnB leaser, though be warned, they may be extremely emotional and/or delusional at the moment.
If your parents are anything like mine, they will gleefully ignore all sound advice designed to protect them financially or just improve their lives generally, even if they agree with the logic.
Because acknowledging that their child could possibly know more about anything than them on any subject would conflict with their … well, quite literally apocalyptic levels of paternalistic boomer narcissism.
But more seriously: check your local market conditions and projections, certain areas are still actually appreciating or mostly stable, but many areas are set for a significant decline.
… Its mostly, but not entirely, places that are going to be turbofucked by climate change intensified disasters in the next ten years.
Well that doesn’t sound frustrating at all!
I always questioned how my mum (UK) was a financial advisor of some sort and skint herself lol