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Housing Market Crash: Why 15-20% Home-Price Declines Very Likely

"This just doesn't look good. It looks like we could be in for a bit of a rough ride over the next few months," says Desmond Lachman.

US Home Prices Will Avoid 2008-Style Crash, Good Time to Buy in Some Cities

Transcripts for MSNBC Jose Diaz-Balart Reports 20240604 16:53:00

so we ll get a check on all of the cross currents and how it is teeing us up for the spring season with readings on weekly mortgage applications, home wilder sentiment, housing starts all coming this week. also worth noting that some home price declines have happened in major metro areas on a month to month to month basis since we did see the fed begin its tightening cycle, but since mortgage rates began rising last year i should say, but those prices are still higher than they were a year ago and that is going to be a factor in the monthly inflation reading that we ll get that will be released tomorrow and specifically how those higher prices have translated into the rental market which is such a big part of cpi. but so far, some early signs that buyers at least are back out in the market and looking to make some bids on some properties. morgan brennan, thank you very much. good to see you. a big win for the chiefs, devastating loss for the eagles. and one heck of a halftime show.

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