Since the start of the COVID-19 pandemic, the housing market has been marked by extreme volatility, with home prices and mortgage rates creeping to historic highs before cooling in a 2023 correction. Still, even as rates inch lower and breakneck price gains slow, the U.S. housing market remains split between two very different realities.
In some markets, home prices are falling from their peaks as buyers retreat from the for-sale market, but in other homebuying destinations, limited inventory and strong demand are sustaining elevated prices and keeping the market competitive, The Washington Post reports.
Check out this interactive map to see how your local market is faring.
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