"US Home Prices Hit Record Highs, But Some Cities Face Declines"
TL;DR Summary
CoreLogic predicts a significant drop in home prices in several U.S. cities, particularly in Florida, over the next year due to high interest rates and slowing sales. Cities like Palm Bay-Melbourne-Titusville and Deltona-Daytona Beach-Ormond Beach in Florida are at high risk, with a greater than 70% chance of price declines by spring 2025. Nationwide, the growth in home prices is expected to slow, impacting the traditionally busy spring homebuying season.
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- Home-Price Growth in Key US Cities Accelerates, Squeezing Buyers Bloomberg
- National home prices break another record, but Dallas sees slower growth The Dallas Morning News
- Home Prices Soar To All-Time High In March—Here Are The Fastest-Growing Cities Forbes
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