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
Mortgage rates fell for the third straight week over the Thanksgiving holiday, but despite a glimmer of price relief for borrowers, refinance demand followed a similar trajectory
A flood of new listings at the start of 2023 could cause home prices to plunge, but the pace of an ongoing market correction will be determined by the Fed's revised monetary policy
A housing correction is sweeping the country and causing significant price drops in popular markets that became overheated during a mid-pandemic buying boom
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