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The Latest Breaking News from Home Prices

Where home prices are headed in 2023—this map shows CoreLogic's revised outlook for 392 housing markets

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

Fortune

Now tech layoffs are slowing Bay Area housing market as prices fall even more

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

Tribune News Service

US home sales fell in October for ninth straight month

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

The Independent UK

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Inflation and the housing market: How to cope with high home prices

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

Tribune News Service

How far will home prices fall? Some say 20% or more is possible

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.

Tribune News Service

Dallas Fed: A bursting housing market bubble could once again plunge us into recession if policymakers aren’t careful

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

Fortune

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

Fortune

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Regions hold up as city home prices dive

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

AAP

The Pandemic Housing Bubble is bursting, says KPMG

"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.

Fortune

The Pandemic Housing Bust rocks bubbly markets like Phoenix

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

Fortune

Housing market predictions: the forecast for the next 5 years

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…

Tribune News Service

Voters approved more money for affordable housing around the country

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.

WEKU

The U.S. housing market to see second biggest correction of the post-WWII era—when to expect the home price bottom

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

Fortune

The Real Estate Markets Seeing The Biggest Downturns In Home Prices And Property Values

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

Benzinga

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ABC News

As rates rise again, Australia's average property prices are falling. Here's how steeply home prices are dropping across the nation

The latest data shows Australia's home prices are dropping at their fastest rate since the global financial crisis. Here's what's happening in your capital city.

ABC News

Australian home prices fall for six months in a row as interest rate rises bite

Home prices have been dropping over the past six months as the Reserve Bank of Australia has raised interest rates from a record low in May to curb red-hot inflation. And with interest rates set to keep rising, more falls are expected.

AAP

Home prices fall for sixth month in a row

The home prices slump is starting to slow down but it may be premature to say the worst is over.

Miami Herald

South Florida has a severe housing crisis. What is it like hunting for a new home?

The pandemic exacerbated a longstanding housing affordability crisis in Miami-Dade County, leaving newcomers and residents challenged to deal with historically high home prices and rents.

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Los Angeles Times

Mortgage rates top 7% for the first time since 2002

LOS ANGELES — The cost of buying a home took another leap this week, as the average rate on the popular 30-year fixed-rate mortgage surpassed 7% for the first time since 2002.

Tribune News Service

Housing market predictions for 2023

We’re rounding the corner on 2022 and quickly heading toward a new year. That makes this a perfect time to prognosticate real estate matters for 2023. With mortgage rates escalating higher, home sales — and, in some areas, home prices — hitting the brakes, and increased uncertainty felt throughout the…

Benzinga

This Real Estate Brokerage Believes The Residential Housing Market Is In Peril and 'Winter Is Coming'

Rising home mortgage interest rates, a lack of seller inventory and still high home prices have thrown the residential real estate industry and investment strategies into a tailspin.

Tribune News Service

Inflation and the housing market: What you can do as prices spike

Inflation isn’t done with the American public yet.

Tribune News Service

Is the housing market about to crash? Here’s what experts are saying

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 is slowing. While demand and price gains are cooling, any correction is likely to be a modest one, housing economists and analysts say. No one expects…

Tribune News Service

Scott Burns: Young homeowners are in for a bit of a rude awakening

If you are young and have recently become a homeowner, we need to talk.

The Independent UK

US home sales fell in September for eighth straight month

Sales of previously occupied U.S. homes fell in September for the eighth month in a row, matching the pre-pandemic sales pace from 10 years ago, as house hunters grappled with sharply higher mortgage rates, rising home prices and a still tight supply of properties on the market

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