Housing market shift: 6 major markets where home prices are actually falling
U.S. housing markets are experiencing a general softening in demand due to affordability issues, leading to rising inventory and price corrections in certain regions.
Falling home prices are hitting homeowners in these 10 states the hardest - with up to 10% of mortgage balances now topping their property values
Falling home prices can signal economic decline, leading to more underwater mortgages and negative local economic impacts.
Where the housing market shift is-and isn't-happening
Housing markets are cooling, characterized by longer selling times and increased inventory.
Home price growth is softening, with a 0.3% month-over-month increase reported recently, signaling a shift from previous trends.
Some regions are experiencing price corrections while established markets remain steady.
Home prices grew in 93% of markets in Q1 2024: NAR
Home prices increased in most U.S. metro areas in Q1 2024, with 93% showing gains and 30% experiencing double-digit increases.
The rising prices are attributed to the insufficient housing supply, not meeting the full demand, despite the highest mortgage rates in two decades.
Housing market shift: 6 major markets where home prices are actually falling
U.S. housing markets are experiencing a general softening in demand due to affordability issues, leading to rising inventory and price corrections in certain regions.
Falling home prices are hitting homeowners in these 10 states the hardest - with up to 10% of mortgage balances now topping their property values
Falling home prices can signal economic decline, leading to more underwater mortgages and negative local economic impacts.
Where the housing market shift is-and isn't-happening
Housing markets are cooling, characterized by longer selling times and increased inventory.
Home price growth is softening, with a 0.3% month-over-month increase reported recently, signaling a shift from previous trends.
Some regions are experiencing price corrections while established markets remain steady.
Home prices grew in 93% of markets in Q1 2024: NAR
Home prices increased in most U.S. metro areas in Q1 2024, with 93% showing gains and 30% experiencing double-digit increases.
The rising prices are attributed to the insufficient housing supply, not meeting the full demand, despite the highest mortgage rates in two decades.