From Yahoo Finance: 2025-06-28 15:45:00

Recent housing market indicators show persistent weakness in home prices, with consecutive month-over-month declines attributed to increased supply and tepid demand amidst high mortgage rates around 7%. The Case-Shiller report revealed a 0.3% monthly drop in the 20-city index in April, prompting concerns of a prolonged downturn. Economists warn of ongoing headwinds like high mortgage rates, uncertainty, softening consumer demand, and a weakening labor market. While lower prices may attract more buyers, a Citi Research note suggests underlying demand in the housing sector is weakening this year, indicating a potential trend of declining prices. Despite some positive factors, economists are considering the possibility of an extended period of house price declines.



Read more at Yahoo Finance: Falling home prices are raising the risk of a deeper correction as the housing market cracks under high mortgage rates