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CoreLogic and KPMG make bold housing market calls: One says U.S. home prices are bottoming while the other foresees a sharper correction

CoreLogic and KPMG make bold housing market calls: One says U.S. home prices are bottoming while the other foresees a sharper correction

by Third Party | Mar 13, 2023 | Real Estate News, U.S. Housing Market

Source: Yahoo! Life —  For 124 consecutive months, spanning from the bottom of the housing crash in February 2012 through the top of the Pandemic Housing Boom in June 2022, national home prices as measured by the seasonally adjusted Case-Shiller National Home...
The Number of ‘Million-Dollar’ Cities in the U.S has Dropped by Nearly 10% in the Last Six Months

The Number of ‘Million-Dollar’ Cities in the U.S has Dropped by Nearly 10% in the Last Six Months

by Leora Ruzin | Mar 13, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. has lost 58 “million-dollar” cities — cities where the typical home is worth $1 million or more — since the housing market peaked last July, a new Zillow analysis shows. In the six months after the peak, the typical home in million-dollar cities...
Top 10 U.S. Housing Markets Most At-Risk of Downturns in Q4 2022

Top 10 U.S. Housing Markets Most At-Risk of Downturns in Q4 2022

by Third Party | Mar 13, 2023 | Real Estate News, U.S. Housing Market

Source: ATTOM —  According to ATTOM’s newly released Q4 2022 Special Housing Risk Report, inland California, Illinois, New Jersey, and Delaware continued to have some of the highest concentrations of the most-at-risk markets in the country. The report shows the...
Most Popular Second Home Markets Across The U.S.

Most Popular Second Home Markets Across The U.S.

by Third Party | Mar 13, 2023 | Real Estate News, U.S. Housing Market

Source: Forbes —  While the real estate boom of 2021 and 2022 may be calming down, the effects of the pandemic-fueled buying frenzy have proven long-lasting in many parts of the country—in particular for second home and vacation markets that emerged as buyers...
US housing market on a downward slop as buyers and sellers contend with a fresh spike in mortgage rates

US housing market on a downward slop as buyers and sellers contend with a fresh spike in mortgage rates

by Third Party | Mar 12, 2023 | Real Estate News, U.S. Housing Market

Source: TDPel Media —  Consumer confidence in the US housing market reached a near all-time low in February due to a new surge in mortgage rates and growing anxiety about job security. Fannie Mae’s monthly Home Purchase Sentiment Index fell by 3.6 points to 58.0...
More Declines Ahead for U.S. Housing Market After Dead Cat Bounce?

More Declines Ahead for U.S. Housing Market After Dead Cat Bounce?

by Third Party | Mar 12, 2023 | Real Estate News, U.S. Housing Market

Source: Investing.com —  The U.S. housing market is currently the least affordable in at least 25 years. Affordability is, generically, the ratio of monthly income vs. the median price of a home. Essentially the degree to which a potential home buyer can afford...
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