The Latest Breaking News from Home Prices

After peaking during the pandemic, housing sales have slowed but prices remain elevated. Where is the housing market headed?

Between May 2022 and May 2023, U.S. home prices fell 0.5%—compared to the 19.9% uptick from May 2021 to May 2022.

Shiller: "It has been growing since 2012, it has been about 10 years of steady growth in home prices. But it may be coming to an end"

The struggle between tight inventory and deteriorated affordability will see U.S. home prices end 2026 just 4.5% above the 2022 peak, predicts Goldman Sachs.

Housing economists say neither force should be ignored.

Morningstar: "Buyer exuberance during the pandemic, aided by ultralow borrowing costs, pushed home prices to an unmaintainable level in some markets."

Pantheon Macroeconomics: "We are baffled by the emerging narrative in the commentariat that housing is now recovering, because it isn’t."

Would-be homebuyers are willing to take on sharply higher mortgage payments, even as home prices have begun to pull back this year

Kiplinger looked at great places to retire in the United States for people planning to rent their living space.

After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing market finally started slowing in late 2022. Mortgage companies engaged in mass layoffs, real estate economists lamented a “housing recession” and home prices seemed poised for a correction.

"Housing prices continue to show stronger growth than what was previously expected," says Fannie Mae chief economist Doug Duncan.