Zillow: The 30 housing markets had a drop in house prices in July … but don’t call it a housing crash

[There is nothing small about the downward revision of 5.4 percentage points in one month. For a $500,000 home, this wipes out $27,000 in the expected rise in home prices. Such a revision only occurs if the expected input is strained. “Zillow’s home price outlook has been revised significantly due to the sharp downturn in …

Zillow: The 30 housing markets had a drop in house prices in July … but don’t call it a housing crash Read More »