90% of U.S. housing markets had price drops in 2nd half

In a homebuying world that’s become unaffordable for many Americans – no less most Californians – it’s good news for house hunters when home prices decline.

Now, most merchants facing sinking demand for their goods would drop prices and brag about the discounts. Curiously, that price-cutting logic seldom applies to home sales.

Ponder the second half of home pricing in the last six months of 2022 where 90% of 186 U.S. housing markets had price drops, according to my trusty spreadsheet’s review of stats from the National Association of Realtors. It was a swift turnabout from the first half of 2022 when just 1% of markets had price dips.

→ Continue reading at Silicon Valley

More from author

Related posts

Advertisment

Latest posts

The Tantalizing Mystery of the Solar System’s Hidden Oceans

The original version of this story appeared in Quanta Magazine.For most of humankind’s existence, Earth was the only known ocean-draped world, seemingly unlike any...

The Role of Scholarships and Grants in Financing Education

Applying for scholarships and grants helps students pay for college. In some situations, these awards allow people to obtain a degree they wouldn't be...

EV, hybrid and gas-powered: Some interesting cars coming in 2024 | CNN Business

CNN  —  Next year will see the introduction of some new, genuinely affordable electric vehicles as well as...