National Home Price Growth Slows to 1.8%, Lowest Annual Increase Since 2012
Key Takeaways: National home price growth has dropped to its lowest level since 2012 at 1.8%, raising concerns among real estate investors. Rising rates and shrinking affordability are major hurdles, with rising foreclosures further complicating the housing market situation. The previously booming markets, especially in the Mountain West, have hit stagnation, leading experts to predict challenging times ahead. Current State of the Housing Market National home price growth has plummeted to a mere 1.8%, the lowest annual increase since 2012, igniting alarm bells for real estate investors. Rates are rising, affordability is shrinking, and foreclosures cast a looming shadow like the San Andreas Fault. The once bullish market in regions such as the Mountain West is now stagnant; obstacles are mounting. Experts forecast turbulent times ahead. Investors must strategize swiftly to dodge the ensuing storm and gain insights into national housing trends. Cooling Home Prices and Market Challenges ...