The economic uncertainty is too great, and Americans are afraid to buy houses now.
High interest rates continue to stifle market demand, coupled with tariffs increasing economic uncertainty, leading to a collapse in USA home sales in March, reaching the worst level since the financial crisis.
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Zillow's "multiple downward revisions" suggests that the housing market in the USA is cooling down?
Zillow, the largest Real Estate platform in the USA, has repeatedly lowered its housing price expectations. In March, it predicted that housing prices in the USA would increase by 0.8% over the next year, but in April, it shifted to a bearish outlook and projected a decrease of 1.7%. Zillow pointed out that high housing prices and mortgage rates are suppressing home-buying demand, while the increase in listings provides buyers with more room for negotiation.
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