“Higher mortgage rates weighed on home price gains at the end of 2022. Home prices in December were 5.8% higher than the previous December. That is down from a 7.6% annual gain in November. Prices are now 4.4% below their June peak. For all of 2022, the 5.8% price gain was the 15th best performance in the index's 35-year history, but was well below 2021's record-setting 18.9% gain.”

https://www.msn.com/en-us/money/realestate/home-price-gains-weakened-sharply-to-end-2022-according-to-s-p-case-shiller/ar-AA181JpX

#RealEstate #HomePrices #CaseShiller

‘From a sprint to a crawl’: San Diego home price dropping faster than other cities: “West Coast markets are showing the quickest declines.”

https://www.sandiegouniontribune.com/business/story/2023-01-31/from-a-sprint-to-a-crawl-san-diego-home-price-dropping-faster-than-other-cities

#California #realestatemarket #HomePrices #SanDiego

“Once mortgage rates peak, home sales volume and price declines will stabilize. That all depends on what the Fed chooses to do in the coming months and whether inflation begins to decline.” - @odetak

https://blog.firstam.com/economics/what-to-expect-from-the-2023-housing-market

#RealEstate #MortgageRates #HomePrices #FirstAmerican
@realestate@a.gup.pe @realestate@chirp.social

"The price declines in Los Angeles, Pittsburgh and Phoenix are the biggest since at least 2015, as far back as this data goes."

https://www.redfin.com/news/housing-market-update-demand-uptick-sales-decline/

#RealEstate #HomePrices #Redfin
@realestate@a.gup.pe @realestate@chirp.social

"The price declines in Los Angeles, Pittsburgh and Phoenix are the biggest since at least 2015, as far back as this data goes."

https://www.redfin.com/news/housing-market-update-demand-uptick-sales-decline/

#RealEstate #HomePrices #Redfin
@realestate@a.gup.pe @realestate@chirp.social

"Zillow forecasts that home value appreciation will continue to ease down over the coming months. The national Zillow Home Value Index, which rose 10.4% in the 12 months ending in November, is expected to fall 1.1% over the next 12 months."

https://www.zillow.com/research/home-value-sales-forecast-december-2022-31917/

#RealEstate #Zillow #HomePrices
@realestate@a.gup.pe @realestate@chirp.social

“We expect home sales to sink to their lowest level in more than a decade in 2023 as high mortgage rates keep housing costs up and prevent people from moving. High homeowner equity and a resilient job market will stave off a wave of foreclosures.”

https://www.redfin.com/news/housing-market-predictions-2023/

#RealEstate #MortgageRates #HomePrices #Redfin

US Home Prices Fall Second Month in Row as Sellers Take Wait and See Approach

https://www.coinspeaker.com/us-home-prices-fall-august/

#blackknight #MarketNews #HomePrices #realestate #mortgage #News