Zillow projects that U.S. home prices will fall 1.7% between March 2025 and March 2026. Last month, Zillow economists still thought prices would rise this year.
The US Housing bubble has popped.
Everyone remembers how well that went last time, right?
Yeah, I suppose that’s fair. He was specifically using it in the context of illustrating whether-or-not this figure was bad or not.
I just have a knee-jerk irritation reaction when I see people saying “the housing market always goes up”, because it’s usually in conjunction with someone advising someone to put a ton of money into real estate, where the graph I provided is a more-relevant one.
Glad you agree!
=)
Also I just realized we both assumed Libra is a he.
Whoops!