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.
It will probably go down more over time, the problem is that the market has already been dominated by large home buying groups like Zillow and Black Rock and Berkshire Hathaway who can overbid cash on every home that goes up for sale. This will further consolidate property into the hands of the property owning class, not usher in a new period of people buying their own homes again. Especially if the dollar weakens and prices of necessities stay high, it will be less and less individual home buyers who have an opportunity to take advantage of any price drops.