The US Housing Market Just Imploded (Worse Than 2008)

Bill McBride Article
https://calculatedrisk.substack.com/p/case-shiller-national-house-price-6cb

Redfin Monthly Payment Graph
https://www.redfin.com/news/housing-market-update-sale-prices-flatten-mortgage-rates-climb/

Link to Tweet and GS Chart
https://twitter.com/BullandBaird/status/1631305214971060226



The new Case-Shiller numbers just revealed that home prices across America fell for the 6th month in a row. Since peaking last July values have gone straight down, falling a total of 4.4%. Now for many of you buyers watching this video, I know exactly what you are thinking. A 4.4% sale is literally nothing when you consider how far prices have gone up since 2020. This just isn't the crash everyone has been predicting. To put this reality into perspective let's run through a quick example. Let's say you were looking at a house at the start of 2020 that cost $300,000. This same house using the Case-Shiller index as a baseline would have grown in value to 435,000 last summer. So even with the current decline in prices, we are far from those pre-pandemic levels everyone can remember.


Did you miss our previous article...
https://trendinginrealestate.com/real-estate-trends/reits-the-easiest-way-to-invest-in-real-estate