Pressurized affordability from elevated home prices paired with fast-rising mortgage rates is propelling a nationwide housing correction, and these markets are among the first to see big changes
A widespread housing affordability crisis is forcing homebuyers to make unprecedented sacrifices in the hunt for homeownership, and while that trend may continue in 2023, a shifting market could offer some relief
Home prices are moderating and buyers are regaining bargaining power in a market correction, but a lingering affordability crisis is keeping some house hunters glued to the sidelines
After speeding into home purchases from 2019 to 2021, first-time buyers were slowed down by historically high home prices and skyrocketing mortgage rates in 2022
Despite persistent annual growth, the September Case-Shiller National House Price Index (HPI) revealed significant home price declines in some overheated housing markets
Cash-strapped real estate investors are pulling back from overpriced metros that were once homebuying hotspots as a market correction dampens buyer demand
Home prices are rising at a slower pace than they were a year ago, but some popular Sun Belt cities are still seeing double-digit home appreciation even in a market correction
Home prices are falling in housing markets that saw record home sales throughout the pandemic as soaring interest rates continue to price out prospective buyers
