The Latest Breaking News from Home Prices

After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing market finally started slowing in late 2022. Mortgage companies engaged in mass layoffs, real estate economists lamented a “housing recession” and home prices seemed poised for a correction.

"Housing prices continue to show stronger growth than what was previously expected," says Fannie Mae chief economist Doug Duncan.

The Federal Reserve is taking a break from its war on inflation. After raising rates 10 times in 10 meetings in 2022 and 2023, the central bank made no change during its latest meeting. Fed Chairman Jerome Powell announced no further increase in the federal funds rate on June 14…

Property tax rates could increase in some jurisdictions to keep up with home price appreciation.

Capital Economics just put out a new report titled “Pause in house price declines to prove temporary.”

Austin is arguably the epicenter of both the Pandemic Housing Boom and the Pandemic Housing Correction.

The US housing market is witnessing an unprecedented decline in home prices, with cities like Oakland, San Francisco, Seattle, Los Angele and Salt Lake City experiencing significant drops

Regional home prices are also going up in price.

In Q1 2022, U.S. home prices as measured by Moody's Analytics were "overvalued" by 27%. Now it's 17%.