The Latest Breaking News from Home Prices

As the U.S. housing market continues to cool, a growing number of forecasters say homeowners could soon experience significant price declines. These analysts look at the record run-up in home prices during the COVID pandemic and say a drop of 20% or more looms in the near future.

The last time homes were this unaffordable was 1985, but things may be looking up

"The possibility of a sharp price correction leading to an economic contraction would further complicate Federal Reserve inflation-fighting efforts" writes the Dallas Fed.

These 28 housing markets just slipped into a historically sharp home price correction.

Regional home prices soared during the pandemic and are so far proving more resilient to interest rate shocks than metropolitan markets.

"Once you start the process of prices falling nationally, there is a self-fulfilling momentum to it because no one wants to catch a falling knife" says Diane Swonk, chief economist at KPMG.

Some markets have gone straight from Pandemic Housing Boom to Pandemic Housing Bust.

It’s been a wild real estate ride over the last few years. After a red-hot market characterized by bidding wars, low interest rates and elevated prices, mortgage rates increased to the highest level in 20 years, leading to a slowdown of both buying activity and purchase prices. Yet, with inventory…

Skyrocketing rents and home prices have been a major part of voters' economic pain. New spending will go toward building and subsidizing more housing, and helping people avoid homelessness.

In the third quarter of 2022, falling home prices erased a record $1.3 trillion in home equity. It isn't over yet.

The only bad thing about the best parties is that no matter how good they were, the good times can’t go on forever.