Home Prices to PLUNGE This Summer? What Will Make Home Prices Go Down?

Home prices are still near all time highs and are likely to moderate over the next year. Whether they will go up or down nobody knows, but it is unlikely that home prices will just crash or plunge as is predicted. Certainly the June 2022 high of home prices was an anomaly as people were trying to get a still low mortgage rate on a home purchase.

here is a significant imbalance in the real estate market because the supply of homes in the US is still far less than the number of buyers. Most of the areas where prices are falling are in the west, while the rest of the county is still seeing normal price appreciation.

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Todd Miller

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