Breaking News in the Housing Market 2023

Selling Real Estate
The first annual drop in US home prices since 2012. US and Germany are at risk of a severe home price correction. And the US house price-to-income ratio in 2022 surpassed its peak level while local incomes no longer support inflated housing prices. is it all going down?

Link to article: https://www.redfin.com/news/housing-market-update-home-sale-prices-fall-first-time/

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0:00 Major News about the Housing Market
1:14 USA and Germany at risk of a SEVERE correction
2:16 -19.5% Decline is Needed for the USA
3:19 Median Home Sales Prices Drop in Half of the Country
4:11 Home Prices Are still NOT affordable
4:58 We’ve only seen a Modest Home Price Correction
6:24 What I think
7:04 Redfin’s Current Data
9:26 Contact

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Caryn Krooth Gardiner
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Licensed in MD & DC & VA
Long & Foster Real Estate, Forbes Global Properties

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