Housing Prices Stay Hot , in the United States, , But Momentum Could Be Slowing.
CNN reports recent data shows
housing prices in the United States
have continued their hot streak,
but the market could soon even out.
In April 2022, housing in the United States was 20.4% more expensive than the year prior.
though experts say recent trends
show a housing market in transition.
Back in April, things
were still quite strong. , Laila Assanie, senior business economist at Federal Reserve Bank of Dallas, via CNN.
Home sales were robust, prices were rising quite rapidly, demand was strong... , Laila Assanie, senior business economist at Federal Reserve Bank of Dallas, via CNN.
... and many of the builders were seeing their homes sell for more than the asking price. , Laila Assanie, senior business economist at Federal Reserve Bank of Dallas, via CNN.
April's index shows the
first time month-over-month gains
slowed down since November 2021.
The [housing] market
has cooled down, and
it’s normalizing. , Laila Assanie, senior business economist at Federal Reserve Bank of Dallas, via CNN.
Signs of a tipping point toward a greater balance between buyers and sellers are increasing... , Selma Hepp, deputy chief economist at CoreLogic, via CNN.
... albeit only compared to some of the most competitive conditions since the early 2000s. , Selma Hepp, deputy chief economist at CoreLogic, via CNN