✉news BusinessReal Estate first seen 12 h ago, last 20 min ago, peak #7
Buyers retreat as US home prices post first annual drop
Original: Buyers retreat as home prices post first annual drop in years
Home prices have recorded their first annual decline in years, and prospective buyers are pulling back from the market rather than treating lower prices as an entry point. The retreat suggests many Americans expect further declines or remain priced out by elevated borrowing costs, adding to signs that the long housing boom has turned.
Why now: A first annual price drop after years of gains marks a possible turning point in the housing market.
Rank over time, top of the chart is #1. 2 snapshots from 1 h ago to 20 min ago.
Evidence
- Buyers retreat as home prices post first annual drop in years · Mortgage Professional America
API: https://socialmediatrends-api.osmike.com/v1/trends/4263165