"Since we had the dotcom bust in 2002, we've had artificially depressed interest rates," said Jeff Greene during an interview with Fox Business. "So, people have never had this experience of rates going up. The billionaire investor is sounding the alarm on the real estate market over a decade after profiting mightily from the housing market crash.

Austin, Texas, has drawn attention for home prices that have dropped by more than 10 percent between July 2022 and April 2023, compared to 1 percent nationally, according to the Zillow Home Value Index. It's the biggest decline in the U.S., followed by San Francisco with a drop of 10 percent, Bend, Oregon, with a fall of 9.5 percent, and Boise, Idaho, with a decrease of 9.3 percent.

How will the housing market uncertainty affect your neighborhood? Call me for a free analysis of your home's current market value.