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Zillow Home Values: https://www.zillow.com/research/data/
Realtor.com Listings Database: https://www.realtor.com/research/data/
The US Housing Market Crash is well underway. A combination of a Recession, escalating Mortgage Rates, and Inflation is driving Homebuyers out of the Housing Market. And now we have proof from Zillow that Home Values are actually going down.
In a market like San Jose, Home Values are down by -8.6% in the last 2 Months! That’s nearly $150k of Home Value per Owner wiped away in 60 days! In Austin Home Prices are down by $37k, or 6%, in just two months.
In markets such as San Diego, San Francisco, and Los Angeles Home Prices are also dropping. As they are across Utah and Colorado.
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