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Home Prices Are Starting to Drop Across the U.S.—Here Are the Markets Seeing the Biggest Declines

Pro Builder

A housing correction is underway, and the nation's hottest markets will be the first to see major price reductions over the coming months. Inventory is climbing, too. The biggest jumps in listings were in markets like Raleigh and Charlotte in North Carolina and Nashville on a month-over-month basis. Housing Markets.

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Mortgage Rates Could Drop to 5.4% In 2023—Here’s What That May Mean for Home Prices

Pro Builder

According to Case-Shiller, home prices fell month-over-month from June to July for the first time in 20 years, and a more budget-conscious buyer pool could see housing costs fall even further as stalled house hunters wait patiently on the sidelines. But he also warned that some markets may actually see home prices drop.