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.
Entirely seriously:
Minnesota.
Lots and lots of fresh water.
Fairly low CoL for a (hopefully) leans decently blue state.
Pretty darn low risk of climate change causing significantly worse and more frequent natural disasters.
The flood damage potential is actually not projected to increase significantly… nor are droughts and wildfires projected to be a serious problem.
Yeah, you get the blizzards, but… those are not projected to massively upscale to a point they’d be overwhelming the infrastructure, at least not yet in the next 10 years.
Also, despite the projected general housing downturn… Minnesota looks pretty uneventful in projections.
That would, to me, indicate an… actually stable economy generally, as compared to many other states that are much more prone to booms and busts, and thus massive wealth disparity.