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Home prices in a dozen states have fallen over the past year, according to a new report by the property data analytics firm CoreLogic. Nationally, annual home price growth crept up at its slowest pace in 11 years in May 2023, with prices rising just 1.4% from May 2022 levels.
That’s a glimmer of hope for prospective home buyers slammed by high costs, even as mortgage rates continue to hover near 7%.
Prices in Western States Decrease the Most
During the pandemic, Idaho, Arizona, Washington and other western states saw huge gains in home prices. Demand was up as newcomers arrived, seeking housing they could afford on one income or wanting to be near family and f …
See the full Home Prices article, or, read more Arizona real estate investing news. Go ahead. You know you want to.
