XLRE - U.S. Residential Real Estate Market Peaked In March 2018
As best as we can tell, the residential real estate market in the U.S. peaked in March 2018, where since that month, it has declined in 33 of 40 states for which we have recent price and sales data.
That's going by our estimate for the total aggregate value of transactions for existing home sales, which covers somewhere around 87-90% of all home sales in the U.S. economy. Using monthly sales and price data from Zillow, we estimate that this figure has fallen from $129.8 billion in March 2018 to $120.4 billion in November 2018,