Zillow data has shown the first month over month decrease in national home prices! This is the first data signaling the housing market crash or correction has started!

New home construction is down nearly 10% YoY as buyers drop out of the market due to the home affordability crisis. Interest rates have increased so much that buyers can't afford the homes they went under contract on months ago.

Prices are also dropping all around the country for the first time in over 2 years. Prices are crashing all over California, with some markets dropping at over 50% annually!

The California housing market is being hit first with price crashing, but given the data I show in this video from Redfin, the Florida real estate market is next!

Let me know in the comments below if you have any questions!

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