Home prices are officially outright falling in the United States.

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https://twitter.com/SituationlGrvty/status/1960226274854703176

‘Extraordinarily weak’ demand blamed as home prices grow at slowest pace in two years

The numbers: Home prices in the 20 biggest metropolitan areas in the U.S. slowed sharply as home-buying demand sagged in recent months.

The housing market has been stagnant over the last few years. High mortgage rates as well as surging homeowners insurance costs and property taxes have made ownership increasingly expensive. Home-buying demand remains weak, while housing inventory has been increasing steadily.

Housing panic grips half of US cities as record price cuts send home values tumbling

Millennials and Gen Z are gambling on a big mortgage-rate drop, using ARMs and refinancing. But that could be a ‘financial ticking time bomb’

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