“Increasing pressure on list prices.”  3 leading economists and real estate professionals on the housing markets where home prices will fall the most this year

“Increasing pressure on list prices.” 3 leading economists and real estate professionals on the housing markets where home prices will fall the most this year

Some markets may be more vulnerable to declining home prices than others, professionals say. Getty Images Buyers in some markets are already getting — or may soon get — some relief in the form of lower home prices, professionals say. Already in the last 4-8 weeks, experts have noted downward pressure on prices in higher-priced…

Home prices fall in ‘pandemic boomtowns’ due to market downturns

Home prices fall in ‘pandemic boomtowns’ due to market downturns

Homeowners in markets that boomed when the real estate sector was red-hot during the COVID-19 pandemic are now being forced to cut prices due to falling demand, according to data released Monday by Redfin. In the US, 21% of home sellers lowered their asking prices in July – the highest share since Redfin began tracking…