Remove 2009 Remove Home Value Remove Housing Market Remove Inventory
article thumbnail

Home prices are dropping like it’s 2009

Housing Wire

Home prices are now posting the biggest monthly declines since January 2009, according to the latest Mortgage Monitor report from Black Knight. Median home prices in August fell 0.98% in August, only slightly better than July’s 1.05% monthly decline. Much of that depends on how much inventory returns to the market.

Inventory 523
article thumbnail

HW+ Member Spotlight: Stacy Esser

Housing Wire

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels. Are we in a housing bubble?” Of course, the answer is about why this is not the same market — in any way — to post 2008.

Sellers 380
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Too many appraisers?

Appraisal Today

Hot housing market not a bubble, economists say. Excerpts: As home prices continue to break growth records, a panel of housing experts and economists surveyed by Zillow® does not believe the market is in a bubble. “Americans have seen home values rise at record rates over the past few years.

article thumbnail

Appraisals – Check the Water Source!

Appraisal Today

Did anyone think in early 2020 that home values all over the country would go off the charts? Watch the excellent 4-minute video with Mark Zandi , “There’s a comeuppance coming in the housing market” It discusses how today is different from 2008 and what is happening today. . No one did. June 10, 2022.