HouseCanary: Housing Market Declining Sharply
Elevated interest rates paired with housing market seasonality has driven declines in new inventory and listings.
Elevated interest rates paired with housing market seasonality has driven declines in new inventory and listings.
Areas with more affordable housing should see relatively healthier markets and stronger sales in 2023.
Black Knight says the housing market correction has only just begun.
The monthly RHPI report said potential sellers are unlikely to lose all the equity they have gained.
Home-price growth has slowed fastest in pandemic boomtowns like Austin, Phoenix and Boise, with inflation and high mortgage rates to blame.