'Only time will tell if September was the nadir': Zillow reports sharp home-value declines in these cities, amid grim outlook for U.S. housing market

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'Only time will tell if September was the nadir': Zillow reports sharp home-value declines in these cities, amid grim outlook for U.S. housing market
France Dernières Nouvelles,France Actualités

The typical home in the U.S. saw its value barely inch up between September and October by 0.1%, according to a new report by Zillow. But these two markets saw a lot of red:

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According to a new report by Zillow Z, -1.78%, the typical home in the U.S. saw its value barely inch up between September and October, rising 0.1%.

According to a report by the Austin Board of Realtors, the area in September had seen closed sales fall by 18% and active listings rise by 162%. The real-estate company’s report is a preview of its full findings set to be released later this month. Active inventory, or the number of for-sale listings available in total , rose 1.8% in October compared with the previous year.

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*US home prices spike to obscene levels* US Consumers: “I must buy a house right NOW!”

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