"National home prices are up 2.3% year over year, showing softer growth compared to the historical annual average increase of 4.7% since 2000."
"Among the 200 largest metro-area housing markets, 60 are still experiencing local home prices rising by 4.7% or more year over year."
"While home prices have softened in Gulf markets like Texas, Florida, and Louisiana, many Northeast and Midwest markets are still seeing elevated home price growth."
"The tight inventory in the Northeast and Midwest keeps the advantage in the hands of home sellers, unlike the affordability challenges faced by Sunbelt boomtowns."
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