Up until now, housing demand in 2023 has been surprisingly robust. Home prices fell across the country late last year, so they are down year over year. But they haven’t shown continued declines since the new year. And while you’ll start seeing headlines highlighting home prices going down very soon, these changes are behind us and the data shows that prices aren’t yet declining further. But big scary recessions, job losses or things like bank failures could slow buyers abruptly. And there are some signs that maybe we’re seeing that already.
Check out this week’s Altos update for all the latest on pricing, inventory, and more.
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