The Top 10 Cities Where Home Prices Are Still Soaring
Perception: After two years of wildfire growth, the real estate business—buffeted by inflation and higher mortgage rates— is coming to a screeching halt. Reality: There are still way more people looking for homes than there are homes themselves. Perception: After unprecedented shortages of homes to buy, new listings are now flooding the market. Reality: Inventory levels, while improving, are still at historic lows. Perception: Finally, home prices have stopped going up—and are maybe coming down! Reality: Price growth is slowing down—but certainly not everywhere.