- cross-posted to:
- usa@midwest.social
- usa@lemmy.ml
- news@lemmy.world
- cross-posted to:
- usa@midwest.social
- usa@lemmy.ml
- news@lemmy.world
Zillow projects that U.S. home prices will fall 1.7% between March 2025 and March 2026. Last month, Zillow economists still thought prices would rise this year.
Thats -1.7% across the whole country.
The US housing bubble has popped.
Fs in chat for your local obscenely overleveraged corporate landlord or serial home flipper or AirBnB leaser, though be warned, they may be extremely emotional and/or delusional at the moment.
My one worry is that there are so many people still waiting at the chance to buy a house that if prices continue to drop demand will just bump back up again.
Part of the reason 2008 was so bad was because homes were, ballooned by rent-seeking and speculation, so overpriced that even as speculators defaulted on mortgages the properties entering the market we’re still outside the budget of most real human buyers