U.S. Housing Market Faces Decline with Rising Delinquencies and Slowing Growth
TL;DR Summary
Nearly one third of the largest U.S. housing markets are experiencing falling home prices due to high mortgage rates, rising inventory, and decreased demand, with some regions like Cape Coral, Florida, seeing declines over 9%. Despite regional gains in the Northeast and Midwest, the overall trend indicates a cooling market with slower sales and declining prices in many areas.
- Nearly one third of major U.S. housing markets now see falling home prices CNBC
- Mortgage delinquencies are rising as homeownership costs pile up HousingWire
- Home mortgage delinquencies rise nationwide, including in Arizona The Business Journals
- Caution signs appear as home price depreciation spreads National Mortgage News
- ICE: Annual Home Price Growth at Slowest Pace in Two Years MortgageOrb
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