Home Forex Home prices may be on the verge of cooling off

Home prices may be on the verge of cooling off

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after a 2018 that saw increases of more than 6 percent nationally, according to experts. The main reason for the slowdown is a decline in affordability due to rising mortgage interest rates, higher home prices caused by limited inventory, and a continued lack of new construction. Some areas are expected to see more drastic drops in prices due to overbuilding or other local factors. Others may see price growth continue, albeit at a slower pace than in recent years. As the housing market adjusts, buyers may find better deals, and sellers may need to be more flexible with pricing.

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