US Housing Market Faces Decline in Sales and Slowing Price Growth
TL;DR Summary
Home price gains are expected to slow down nationally, with regional variations showing some markets experiencing declines, especially in the South and West, while others in the Midwest and Northeast see significant increases. The overall trend suggests a slowdown in price growth through 2024, influenced heavily by mortgage rates and regional market conditions.
Topics:business#home-prices#market-slowdown#mortgage-rates#price-decline#real-estate#regional-differences
- Home Price Gains Are Poised to Slow. Where They Are Already Falling. Barron's
- Home sales are down. So why are prices at an all-time high? NPR
- US Housing Market Posts Worst Spring Selling Season in 13 Years Bloomberg.com
- U.S. Homes Are Not Selling, and Prices Continue to Rise The New York Times
- The real estate industry is reeling after its worst spring season in 13 years Baton Rouge Business Report
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