Median US home price has fallen 14.5% real since Q4 2021
https://fred.stlouisfed.org/series/MSPUS Will it keep falling or bounce back?
lol m, offers in hot areas are as always above asking
Everyone wants to live in the best areas because of hybrid work. Houses in those areas will continue to be competitive while others will calm down.
I know it is hard to compare with prior crashes as each event is unique but there price declines are very reminiscent of 06. Where areas such as Florida (remember the scene in big short when guys from NY are surprised to see housing crash in FL) started showing signs of housing market crashing but other area saw prices going up.
Its near ATH in Seattle
Real estate is a highly local phenomenon. Median price of Bay Area home up more than 15% from a year ago https://www.nbcbayarea.com/news/local/bay-area-home-prices-5/3523755/
Good luck a median us home for sale in a HCOL of living area lol
It grew 64.5% beforehand
Up is infinity, down is only 100.