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 the aggregate for the whole US, -1.7%.
The US Housing bubble has popped.
Please be wary of particularly emotional and or delusional landlords as they go through the 5 stages of grief while processing this information.
Why would house prices going down make people homeless?
perhaps “home insecure” is a better term. this market may turn many “home owners” into home renters.
those with unserviceable mortgages will lose them, increasing supply and putting further downward pressure on pricing right after a countrywide housing price bubble. these people are going to be massively underwater on their debt. there may be some people with the means to buy in a down market, but I think many homes will be snapped up at auction by corps for rental.
I am not sure how any of this results in an increase in wealth for average people. its likely going to end up as another massive wealth transfer upwards.