GoKawiilThe count of major metros seeing year-over-year home price declines has shrunk over the past year. But will the recent jump in mortgage rates reignite the burst of softening? Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter.
54 major housing markets with falling home prices
Why This Matters
The report highlights that fewer major U.S. metros are experiencing year-over-year home price declines than a year ago, suggesting some stabilization in the housing market. However, the recent uptick in mortgage rates raises questions about whether this cooling trend in price softness could resurface, which matters to homebuyers, sellers, and industry watchers tracking affordability.
Key Takeaways
- The number of major metros with falling home prices has decreased compared to last year.
- Rising mortgage rates could potentially reverse this trend and reignite price softening.
- The housing market's trajectory remains uncertain, impacting decisions for buyers, sellers, and investors.
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