With the 30-year fixed-rate mortgage averaging at 7.12%, according to Mortgage News Daily, Zillow Z, Realtor.com, and John Burns Real Estate Consulting, all noted price drops in cities that were hot over the last two years.With the 30-year fixed-rate mortgage averaging at 7.12%, according to Mortgage News Daily, Zillow Z , Realtor.com, and John Burns Real Estate Consulting, all noted price drops in cities that were hot over the last two years.
Rick Palacios Jr., director of research and managing principal at John Burns Real Estate Consulting, said that “no housing market is immune to home-price declines” with mortgage rates above 7%. — Rick Palacios Jr., director of research and managing principal at John Burns Real Estate Consulting “Many more regional housing markets will soon follow the downward pricing path that’s already playing out quickly along the West Coast, along with markets that rode the recent home-price appreciation wave hardest such as Austin, Boise, and Phoenix,” he added.
Realtor.com’s top five declining house markets Realtor.com looked at monthly median home-list prices, and how they’ve fallen since the market peaked in June.Zillow’s top five declining house markets Zillow looked at home home values changed from August to September, and found that prices dropped the most in these cities:
I’m not sure about anybody else, but I’m really enjoying this building back worst thing. Really hitting on all cylinders now.
Duh!
Need something with an open floor plan and could double as a morgue for my mortgage
Lot of people will be stuck in a house they can’t sell because they will owe more than the market will yield at 7% . I’m locked at 3.5% with no intention to ever move thankfully .