Home values are edging down as buyers remain spooked by high mortgage rates, according to a new report.
Though home-price appreciation has slowed since it peaked in April, home values are still up 14.1% from a year ago. They’re up nearly 44% from August 2019, before the onset of the coronavirus pandemic. “More affordable markets in the Midwest are generally retaining their heat while competition is cooling most rapidly in Western markets, especially those with the highest home prices and the ones that saw the most home-price appreciation over the pandemic.”
Wouldn't be surprised if they fell by 30% in the next 18 to 24 months..... we had mini boom after covid lockdowns which was artifical..... we've already gone longer without an historical crash. 2008 was the last time.... 15 years ago.... overstretched family's will struggle
So, how significant is 3% if I may ask?
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