In August, Zillow predicted that U.S. home prices were poised to increase 6.5% over the next 12 months, but now it is revising that estimate to 4.9%.
"Upper price tier" home values are down 10.7% in Seattle, while "lower price tier" homes are down 1.5%.
Housing market crash fears are on the rise again. Sure, despite the big jump in interest rates, housing has stayed fairly resilient, thanks to scarce inventory. In fact, housing prices were actually up year after year in July, even as existing home sales dropped to a six-month low. And due to the lack of housing inventory, homebuilders like KB Home (NYSE:KBH) also remain confident that a slowdown, much less a crash, isn’t just around the corner. However, as InvestorPlace’s Samuel O’Brient discus