The falling rate of annual home-price increases is a trend that occurred throughout 2024, which peaked last February at 6.6%. It’s also significantly lower than the double-digit increases from 2022, when price appreciation hit 20% or more multiple times. “Higher mortgage rates, along with high home prices, have exacerbated affordability challenges and led to slower
Buyers are flocking to Nassau County, seeking single-family houses, condominiums and cooperatives with few on the market, keeping prices well above what they were a year ago in all three categories. Properties also often go for above the asking price amid multiple offers. What goes up must come down, as the old adage says, but
So far, the price drops are minor. Oregon has the biggest decline at 0.9%, followed by Georgia (0.8%), Montana (0.2%), South Carolina (0.3%) and Texas (0.1%). Prices in three other states — Florida (0.2%), South Dakota (0.3%) and Louisiana (0.4%) — have grown, not fallen, but by less than 1%. The cooling in Texas and