- Home prices in formerly hot pandemic markets are now starting to fall.
- Mortgage rates remain stubbornly high, with no sign of dropping.
- Prices are unlikely to drop dramatically, as there are still too few homes for sale.
Rising supply and slowing demand in the housing market are finally causing prices to cool off, and the weakness is accelerating.
Home prices nationally rose just 2.7% in April compared with the previous year, according to the S&P CoreLogic Case-Shiller Index released Tuesday. That is down from a 3.4% annual increase in March and is the smallest gain in nearly two years.
The report is slightly backdated, as it is a three-month running average of prices ended in April. Other more current readings of the market, such as one from Parcl Labs, shows prices nationally are now flat compared with a year ago.
https://www.cnbc.com/2025/06/24/home-price-hikes-are-slowing-more-than-expected-.html
Condo owners wake up to grim reality that homes worthless after law change…
In Boynton Beach for example, a two-bedroom, two-bathroom condo at Hunters Run Country Club with access to a resort-style pool and high-end amenities is selling for just $10,000. The owner paid $60,000 for it in 2001. It’s now worth $3 per square-foot.
https://www.dailymail.co.uk/real-estate/article-14839107/florida-condo-law-home-values-hoa.html
6% of Today’s Home Sellers Are At Risk of Selling at a Loss. That’s Up From 4.4% a Year Ago, But Still Historically Low.