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Lance Lambert: 40 percent of largest metros see annual home price declines
Lance Lambert reports that 40 percent of the 50 largest U.S. metropolitan areas are experiencing year-over-year declines in home prices.
Additionally, Lambert highlights that 25.5 percent of the 200 largest metros are seeing similar declines. He attributes the difference in these percentages largely to the fact that many smaller metros are located in the Midwest.
Lambert recently reported that the average 30-year fixed mortgage rate is at 6.63 percent, down slightly from the previous year’s level of 6.79 percent (source). Earlier this year, he covered Berkshire Hathaway’s acquisitions of Taylor Morrison and McGuinn Homes as part of Greg Abel’s homebuilding strategy (source). These developments have shaped recent discussions on U.S. housing and builder activity.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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