Something big is happening in the U.S. housing market—here's where 27 leading research firms think it'll take home prices in 2023

For the first time in over a decade, residential real estate across the world has entered into a period of falling home prices.

The U.S. housing market is no exception. The streak of 124 consecutive months of positive home price growth, a period spanning from the bottom of the previous bust in February 2012 to the top of the Pandemic Housing Boom in June 2022, has been replaced by a new streak: four consecutive months of U.S. home price declines.