The past Tuesday we received the data from the S&P CoreLogic US Home Price Index for January 2023. The data results stated that home values dropped for the 7 straight month, with many west coast metros showing significant declines. This trend will continue as the year goes on. Of particular note, the co-creator of that Index, Robert Shiller, provided some rather interesting commentary about the current state of the Housing Market. He mentioned that we should "probably wait" to buy a house as prices should be more affordable "in about 6 months". His commentary regarding the state of the Housing Market should be noted. I have found that he rarely speaks about the Housing Market and when he does, he is somewhat ambiguous with what he says. If you read between the lines, he is saying that the Housing Market is not recovering and will only get worse as time goes on. It is clear that he will never call out a Correction, Crash or Crisis publicly, however he does not what is going on...

In this video we discuss an interesting list that suggests the Economic Meltdown is already underway and it appears that the Housing Market is leading the way with the 1st 5 "reasons/issues" etc. It should come as no surprise as the Housing Market has taken a hit with respect to sales activity and price/value declines. The value declines are clear for everyone to see via the recent posting of the Case-Shiller US Home Price Index.

Are you a Housing Bull or a Housing Bear ? Do you think the Housing Market will continue to slide into Crash territory or are we simply experiencing a short term phenomenon ? Another Wall Street financial firm gives their opinion as to what they believe will occur in the near future. It is very conservative to say the least.

So everyday there are more and more articles published by various Real Estate related organizations, groups, journalists, etc. that are providing their take or opinion regarding the future of the Housing Market and the potential of a Housing Correction or Housing Crash. This video reviews a recent article from RedFin who "ranked" various US Metro locations as to their susceptibility of a downturn in a Recession. The list is focused on Metros that had a spike in Home Price Appreciation over the past couple years, suggesting that those locations should be watched closely.