After years of a red-hot real estate market, the National Association of Realtors reports that home prices are beginning to decline. ABC News business reporter Alexis Christoforous reports. WATCH the live stream of ABC News here: https://www.youtube.com/watch?v=w_Ma8oQLmSM SUBSCRIBE to ABC NEWS: https://bit.ly/2vZb6yP Watch more at http://abcnews.go. com/ LIKE ABC News on FACEBOOK https://www.facebook.com/abcnews FOLLOW ABC News on TWITTER: https://twitter.com/abc #news #housing #mortgage #abcnews #realestate
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Not in Cali lmao
Home prices are not easing in Orange County, CA. They are actually going up. Listing prices mean nothing. A house listed for $990,000 will end of selling for 1.2. or 1.3 million. So I guess this doesn't apply for Orange County, California. Major bidding wars still going on.
FLORIDA STILL GOING UP UP UP AND UP 🤦♂️
Where are they dropping? I'm looking at $250k crack houses. Anything 'livable' is over 300k and still around 75 years old
People who bought houses top of market are going to lose a lot of money
Own house go broke
Ball an chain haha
Lets go recession . Come here. I need to buy my houee
Really? Our home value has kept going up every month for the last 3 years. It seems that you may be reporting what you would like it to be
Shame.
In gutter neighborhoods, maybe. Sure, I want to live in a home that has bars on all the doors and windows. I want to sleep with one eye open with a loaded gun under my pillow, too.
Awful segment.
No here they remain sky high with zero availability
Home prices should drop at least50%!
#RFK_Jr2024 😎👏🏽🗣
Not in Vermont
Prices drop in places that you don't want to live in.
“Beginning to ease”…….”biggest drop in a decade”……curb your enthusiasm.
FJB – and his failed economy
Bull. Houses sky rocketed. 100,000 house is 200,000 plus. And it keeps going up. 😂. Dont k ow what the hell there talking about
Are people on the sidelines or are home owners staying ?
Feels more like homeowners are just not selling
FAKE NEWS. This is irritating as its incredibly misleading. 1.7% drop? are you kidding me? prices are up 35-40%. Enough with this nonsense.
Bought my house to live in and not pay rent.
The prices got that high under Biden?
Be wise, don't buy.😊
10 percent isn't alot.
Not in Raleigh triangle, NC. Goodness! Price of homes doubled and stays that way since 2020
Lol, prices went up 50-150%, most of that within last 5 years. Now prices down 10% and “omg biggest drop in a decade!”
That sign is missing A LETTER, I . . . Still might as you agents I don't care if you bought the world
How does the Federal Reserve lower inflation? Raise Interest rates, the only tool they have. When you raise interest rates it makes borrowing more costly. Specifically Mortgage rates, when you have to pay huge amounts of money just to service that loan, home buyers are very reluctant to purchase new homes. This causes demand for real estate to go down, this forces home sellers to lower prices to attract those very same buyers. Which affect's the very inflation of that market. This is by design and predicted by the Federal Reserve 2 years ago describing this period as "a little pain to tame inflation". There could not be more clear evidence of this policy working, than with this very sector, Real Estate.
So why are real estate agents lying through their teeth saying this is the best time to buy? I expect another 25-30% drop from the exorbitant and totally unsustainable increase we saw during the pandemic FOMO.