Housing Market

Housing Market

Lower the Boom

Lower the Boom

Since the peak of the housing boom back in June and July 2022, average home prices are down 5%. In the Mountain States and Pacific coast, they are down more than 7%. In Florida, on the other hand,...

Beat the Odds

Beat the Odds

With home prices much too high and a recession looming, potential homebuyers in many markets will be sitting on the sidelines for a while as sellers try to cash out. Unless the rules of economics...

The Party’s Over

The Party’s Over

It’s clear from home price data for the third quarter that the boom is over, killed by higher mortgage rates—but also because prices can only go so high before buyers balk. Monthly data indicate...