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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

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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:

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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