BREAKING: The median listing price of existing US homes fell -2.4% YoY in May, to $429,500, the largest annual decline since at least 2017.
On a per-square-foot basis, prices declined -2.5% YoY.
This comes as listing prices fell in 35 of the 50 largest US metros, with Memphis leading at -13.0%.
Buffalo followed at -11.6%, Austin at -9.5%, Los Angeles at -7.9%, and San Diego at -5.6%.
In total, this represents a swing of more than 20 percentage points from the peak annual growth rate of +18.0% seen in June 2022.
This comes as mortgage rates remain elevated, buyer demand continues to weaken, and CPI inflation has risen for the 4th consecutive month, further squeezing affordability.
The US housing market correction is gaining momentum.
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On a per-square-foot basis, prices declined -2.5% YoY.
This comes as listing prices fell in 35 of the 50 largest US metros, with Memphis leading at -13.0%.
Buffalo followed at -11.6%, Austin at -9.5%, Los Angeles at -7.9%, and San Diego at -5.6%.
In total, this represents a swing of more than 20 percentage points from the peak annual growth rate of +18.0% seen in June 2022.
This comes as mortgage rates remain elevated, buyer demand continues to weaken, and CPI inflation has risen for the 4th consecutive month, further squeezing affordability.
The US housing market correction is gaining momentum.
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American singer Oliver Tree and Argentine YouTuber Gaspi are among the victims of a mid-air helicopter collision that killed all 6 people on board
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SHOCKING: Did Oliver Tree already "predict" his own tragedy?
This morning (06/14), the American singer Oliver Tree died at the age of 32 in the collision of two helicopters in Recreio dos Bandeirantes (RJ). No survivors.
But what shocks even more: in a music video released in February this year, Oliver is seen climbing a staircase between two helicopters!
Bizarre, right? Coincidence or a sign? Life imitates art in a tragic way...
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This morning (06/14), the American singer Oliver Tree died at the age of 32 in the collision of two helicopters in Recreio dos Bandeirantes (RJ). No survivors.
But what shocks even more: in a music video released in February this year, Oliver is seen climbing a staircase between two helicopters!
Bizarre, right? Coincidence or a sign? Life imitates art in a tragic way...
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Media is too big
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Oliver Tree has tragically passed away... massive loss to humanity.
This dude was the goat.
To all who are trying to "LooksMax" or think you are ugly because of this new fad.... listen to his wise words.
We are all beautiful
R.I.P Oliver Tree
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This dude was the goat.
To all who are trying to "LooksMax" or think you are ugly because of this new fad.... listen to his wise words.
We are all beautiful
R.I.P Oliver Tree
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
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