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.
my wife works in lending, she does the paperwork and processing side and has for over 2 decades (we old)
the market downturn has been happening before this tradewar shit. the value of the dollar dropping, the uncertainty in the bond market, the lending rates, all that is a perfect shitstorm thats pointing towards a housing collapse again. we’ll be lucky if its just a bear market
But I want it to collapse… Every home in my area is selling at 120% of what it was bought for in 2016
it does need to collapse
it will mean unemployment for my wife whenever the market has a big downturn there are mass layoffs in her industry but what can you do
It’s awful how the most lucrative and available employment opportunities crop up around the most unstable bubbles.
its more unemployment opportunities than anything
Yep, there have been growing warning signs for about 2 years, with more and more areas piling up inventories, longer and longer times to close a sale, and actual amount of closed sales lowering… and then all the Trump induced insanity just kicked in the weak foundations.
The silver lining will be that these predatory financial corps that are been buying up all the housing inventory so they can force everyone into being renters at exorbitant rates (like Blackrock and Morgan), will be stuck with declining values on their inventory, and will take a bath. Good, fuck them.