Austin, TX in Free Fall. Home Prices Continue to Drop.
Home Prices continued dropping fast in Austin as well as other parts of Texas in October 2023. Meanwhile, home prices kept surging in the Northeast.
Home Prices drop again in October. 4th Month in a Row.
Home prices dropped again in October 2023 as sellers displayed more urgency to sell their house, particularly in high inventory growth states like Arizona and Florida.
It was a bad week for the US Economy. What will Home Prices do in Response?
The US Economy looks to be headed for a downturn with job openings declining and the unemployment rate increasing. Will Home Prices go down in response?
Will Mortgage Rates hit 8%? Powell signals "Higher for Longer"
Mortgage Rates could hit 8% with Jerome Powell and the Fed signaling that more rate hikes could be on the horizon. How long can the Housing Market sustain current prices until a crash comes?
Home Prices are going down again
The median list price for homes declined by -1.1% in July 2023 according to data from Realtor.com. A welcome sign of relief for homebuyers and real estate investors. But will prices keep declining throughout the rest of 2023?
First Look at July 2023 Housing Inventory. Texas is in trouble.
Inventory levels on the Texas Housing Market surged again in July, suggesting that home prices and rents across the state could be on the decline in the second half of 2023.
Evictions are surging. Especially in Las Vegas.
Evictions across the US rental market have surged over the last year, most notably in cities like Las Vegas, Houston, and Minneapolis where they're up over 50%.