The Latest Breaking News from Home Prices

Inflation hasn’t left the building, but it may be starting to look for the exit.

The question isn’t if U.S. home prices will fall, it’s how far will prices fall.

Add tech company layoffs to the list of headwinds facing California's Bay Area housing market.

Sales of previously occupied U.S. homes fell in October for the ninth month in a row to the slowest pre-pandemic sales pace in more than 10 years, as homebuyers grappled with sharply higher mortgage rates, rising home prices and fewer properties on the market

Inflation hasn’t left the building, but it may be starting to look for the exit.

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 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.