Popular cities like Boise saw record growth throughout a mid-pandemic homebuying boom, but as sales slow in a cooling market, sellers are beginning to slash their asking prices
Fewer buyers can afford to purchase homes with inflated price tags and elevated borrowing costs, but those who can are keeping competition tight in the for-sale market
The upper end of the housing market saw the strongest competition throughout the pandemic, but as housing costs surge to new highs, buyers are now going toe to toe for the lowest-priced homes
At the start of the year, it seemed impossible for home prices to fall from record highs, but as mortgage rates climb higher and buyers pull back, a downturn may be on the horizon after all