Prices are likely to keep falling next year, economists say.
Home buyers are feeling the pinch, while home sellers are cautious about a cooling property market — that’s the hot take from Zillow Z senior economist Nicole Bachaud on the latest S&P SPI CoreLogic Case-Shiller U.S. 20-city price index, which fell 1.2% in September, its third consecutive monthly decline. Prices rose 10.4% versus 13.1% in August, reflecting the stronger conditions in late 2021.
“We are seeing demand falling back in the face of strapped budgets and potential sellers staying put, causing inventory to continue to struggle,” Bachaud said. “Price growth will likely continue to moderate, and in the short term prices will likely continue to fall. But this is all part of the housing market rebalancing, which will lead to a healthier, more stable market down the road.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Gas prices in LA County drop for 17th straight dayThe average price of a gallon of gas in LA County dropped Sunday for the 17th consecutive day, its lowest amount since the beginning of March.
Leer más »
Average gas prices in Los Angeles, Orange counties drop to lowest amount since early MarchThe average price of a gallon of self-serve regular gasoline in Los Angeles County dropped for the 17th consecutive day, decreasing to its lowest amount since March 3.
Leer más »
Hong Kong Oct home prices drop 2.4%, biggest fall in 4 yearsHong Kong private home prices fell 2.4% in October, the biggest drop since November 2018, official data showed on Monday, dragged down by worsening market sentiment amid a pessimistic economic outlook.
Leer más »
Oil prices slide as China's COVID protests spark demand worriesOil prices slumped on Monday as street protests against strict COVID-19 curbs in China, the world's biggest crude importer stoked concern about the outlook for fuel demand.
Leer más »
‘Known unknowns’ to drive oil prices this weekCrude oil prices should pivot this week on Western negotiations over a price cap on...
Leer más »