Home values take sharpest drop since the 2008 housing crisis

Redfin's data lands just as the nation is gearing up for the spring homebuying season. Mortgage rates have nearly from a year ago, growing to 6.5% this month compared to 3.5% a year ago. The median home sale price grew to $383,249 in January, up 1.5% from a year ago, Redfin said.

Realtors said they expect 2023 to look markedly different from what buyers experienced last year when median home prices Buyers these days have grown accustomed to the higher interest rates and sellers are starting to lower their prices, Wall Street Journal reporter Veronica Dagher told CBS News. "Sellers are realizing that, hey, maybe my neighbor got a certain price a year ago I might not get that same price," Dagher said.

Good. They're overinflated anyway.

Thank you to the Fed

Congress will write a bill to bail out Blackrock.

Ya, and my property taxes jumped 20%.

That’s good. Still need to come down a lot more to be even remotely affordable. 2/1 800 sq ft with no upgrades selling for $500k+ here.

Housing values may drop but then property taxes will drop! But you still own the house! Anymore good news CBS? Aren’t there enough people committing suicide that you have to increase the numbers by your poor writing skills?

The Biden economy strikes again.

It's market correction, because homes were severely over valued.

Not where i live. Read a report stating home sales here were about 10% higher Jan 23 vs Jan 22.

another Biden economy success story

Keep goin!

Needs a 25-50% correction to make things affordable again. So ... and government intervention will not allow that to happen

Yet the C-ommunist B-roadcasting S-ystem of propaganda ignores how biden is devastating America.

Gee why is that? Good policies by Biden and team?

No taxation without transparency, i can't afford to keep paying pedophiles to lie to me

What was all that strong, v shaped recovery talk that cbs was lying through their teeth about?

Build Back Broke

Thanks Brandon. Hurry and launder more money before it’s all gone

Wait. Slow Joe said the economy is booming.

Mmmmm

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US housing market sees $2.3T drop in value, biggest since 2008Higher mortgage rates have weighed on the U.S. housing market, which posted a $2.3 trillion decline in the second half of 2022, according to Redfin data. digitalassetbuy digitalassetbuy If you compare to pre-pandemic prices, how much of a change is it really? Look at the stupid houses!
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