With home sellers realizing that buyers are no longer able to afford houses at current prices and mortgage rates, they are adjusting expectations and prices are dropping in multiple housing markets across the United States, according to real estate brokerage Redfin. In Provo, Utah, 47.8 percent of homes for sale saw prices go down in…
Over 40 Percent of Homes See Prices Drop in Multiple Local Housing Markets
June 30, 2022
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Affordable HousingBusiness & Marketseconomyhome prices to fallmortgage ratesnew home buyerreal estateUSUS Real Estate
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45 Housing Markets Have ‘Probability of a Price Decline,’ Says Research Firm
While home prices in the United States have appreciated by more than a third over the past two years, prices are poised to fall in several housing markets over the next 12 months, according to data analyzed by research firm CoreLogic. Among the 392 U.S. housing markets that CoreLogic analyzed in June, it found 45…
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