"US Cities Facing Divergent Trends in Housing Prices"
TL;DR
CoreLogic predicts that home prices will drop in several U.S. cities, particularly in the South, over the next year. Cities like Palm Bay-Melbourne-Titusville, FL, and Atlanta-Sandy Springs-Roswell, GA, have a "very high" risk of price declines. Nationwide, high interest rates are slowing the real estate market, with sales of both new and previously occupied homes falling. The National Association of Realtors expects conditions to improve with a potential Federal Reserve rate cut later this year.
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- National home prices break another record, but Dallas sees slower growth The Dallas Morning News
- Home Prices Soar To All-Time High In March—Here Are The Fastest-Growing Cities Forbes
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