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 the aggregate for the whole US, -1.7%.
The US Housing bubble has popped.
Please be wary of particularly emotional and or delusional landlords as they go through the 5 stages of grief while processing this information.
While I feel for families that bought over the last few years that really didn’t have much choice and will be underwater shortly, my heart goes out to them. That said, my wife and I have been waiting for a market correction to come around and have been diligently saving for just such an occasion, so I’m cautiously optimistic.
It’s terrible that we have to go through this nonsense on the whole, especially considering that if PE stayed out of the housing market, there’s no reason every family couldn’t afford a house if firms weren’t driving prices up.