When Will Home Prices Fall? Here’s What Experts Predict
Soaring mortgage rates, tremendous demand and limited inventory are pushing home prices up, but some experts say relief is on the way. Just not in the near future.
Home prices grew 20.6% year-over-year in March, the fastest annual surge in 35 years, according to a report released Tuesday by S&P Global. In some cities, that number is even higher: Tampa (34.8%), Phoenix (32.4%) and Miami (32.0%) saw the largest price gains.