The Latest Breaking News from Home Prices

For the first time in a decade, home prices in Southern California are definitively falling.

Could housing prices finally be coming back down to earth? Year-over-year home-price growth decelerated at a record-setting pace in July 2022. S&P CoreLogic’s latest Case-Shiller U.S. National Home Price NSA Index, released September 27, reports that price growth dropped by 2.3% from June to July — from 18.1% to 15.8%.

Existing home sales remain weak due to high financing costs.

People expecting a big housing crash might not see it happen so fast.

Prices still up over 2021

Good Morning Everyone! Remember, no one gets rich panic selling.

Some of the nation’s largest homebuilders are lowering prices, providing discounts and pulling out of land deals as higher mortgage rates on top of already sky-high home prices continue to take a toll on buyer affordability.

Sales of previously occupied U.S. homes slowed in August for the seventh month in a row, as sharply higher mortgage rates and rising home prices made homebuying less affordable

The Southern California median home price remained unchanged in August from the previous month as rising mortgage rates made houses even less affordable for many people.

As mortgage rates topped 6%, for the first time since the 2008 financial crisis, new home buyers are being squeezed on multiple fronts since elevated home prices, interest rates, and rising inflation are adding to everyone's bottom line.

The rapper blamed a lack of "motherfucking inventory" for high home prices and rising rents in low-income neighborhoods. She's not the only one.