White House Has Spent More Than $440,000 on Pro

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Financial Intelligence • Markets • World News • Independent Analysis
Published: 2026-09-25 • Permanent link

Rising home prices in the United States have seen a significant decline in recent months, with Zillow's latest forecast revealing a 12% drop in existing home sales in August, and a 7% decrease in median home prices from the previous month. This sharp downturn has been attributed to rising interest rates, which have made borrowing more expensive for many Americans. As a result, housing market activity has slowed, with many potential buyers opting to wait for better interest rates or choosing alternative forms of housing, such as rentals.

The impact of this decline on investors and consumers cannot be overstated. For those who had been counting on selling their homes for a quick profit, the news is a major blow. Additionally, the decline in housing prices may also have a ripple effect on the broader economy, potentially leading to a decrease in consumer spending and a subsequent slowdown in economic growth. As a result, many economists are closely watching the housing market for signs of stabilization or a rebound.

Experts point to the 2008 housing crisis as a relevant comparison. During that period, rising interest rates and a subsequent housing market downturn led to a global economic recession. While the current situation is not identical, the similarities are striking, and many are concerned that the housing market may be heading for a similar downturn. Furthermore, the impact of rising interest rates on the broader economy is a pressing concern, with many economists warning of a potential recession.

As the housing market continues to evolve, it's essential to monitor the situation closely. The Federal Reserve has already taken steps to mitigate the impact of rising interest rates, including cutting interest rates to stimulate borrowing. However, the effects of these measures are still unclear, and many experts warn that the housing market may take time to recover. With the upcoming holiday season, which typically sees a surge in housing activity, many are watching for signs of stabilization or a rebound in the housing market.