Housing Market Faces Downturn as Home Prices Slow and Drop
TL;DR Summary
The U.S. housing market shows signs of cooling, with slower price growth and declining sales, raising concerns about a potential sustained downturn due to high mortgage rates and rising supply, although tight inventory may prevent significant price drops.
- Housing market at risk of "sustained downturn" as price growth cools Axios
- Home price hikes are slowing more than expected CNBC
- Home Prices Continue to Slow. What This Means For Buyers. Barron's
- Home Prices Fall in a Major Texas City as National Price Growth Slows to Weakest Pace in 2 Years Realtor.com
- Map Shows Cities With Biggest Drop in Home Sale Prices Newsweek
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