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.
You gotta realize how much financial loan leverage goes into the real estate market.
It may not seem huge to you as a single potential buyer… but a whole lot of people’s business models are based on ‘price always go up’ and set their margins and leverage accordingly.
That all unwinds, in a slow motion, much larger scale version of watching an idiot daytrader or cryptotrader lose everything in a flash from compounding margin calls.
The level of leverage isn’t nearly as high, but the level of actual money involved is insanely more.
Know anyone that is currently or will soon need to do a HELOC or other reverse mortgage type thing to pay for something?
Well they may now be even more fucked as their home depreciates.