Reported about 21 hours ago
A growing number of housing economists are forecasting a decrease in home prices this year, with Redfin predicting a 1% drop and Zillow anticipating a 1.4% decline. This shift comes amid a weaker than expected spring for home sales, where increased inventory and rising mortgage rates contribute to a disconnect between sellers' expectations and buyers' willingness to purchase. While some markets continue to see price increases, others are experiencing declines, indicating a potential shift in the real estate landscape.
Source: YAHOO