The Great Real Estate Tumble Of 2022

Source: Forbes — 

“A 1970s Type of Housing Market is Possible in Future”

We now have a “Triple Whammy” in 2022. In addition to the stock & bond market’s volatile woes, housing just delivered it’s worst two month hit since 2008 and wiped out over a year’s worth of gains.

The Winans Real Estate Index (WIREI)™ tracks U.S. new home prices back to 1830. Based on the latest price data released by the U.S. Bureau of Labor & Statistics, WIREI has posted a 16.3% decline since May’s record levels.