A historic mortgage rate shock—with the average 30-year fixed mortgage rate jumping from 3% to 6% this year—following the Pandemic Housing Boom’s 41.3% run-up in U.S. home prices…
Read more These 49 housing markets to see home prices fall over 15%—this interactive map shows Moody’s updated forecast for 322 marketsUnlike the stock market—which corrects through price shifts—housing corrections are historically felt the most acutely through declines in housing activity. That, of course, is why spiked mortgage rates…
Read more Updated: Odds of falling home prices in your local housing market, as told by one interactive mapThat, of course, is what we’re seeing now. Despite favorable demographics and tight inventory levels, pressured affordability—spiked mortgage rates coupled with frothy home prices—is beginning to push home…
Read more The home price correction intensifies—what to expect from the U.S. housing market in 2023
