According to a new report from the National Association of Realtors, home sales declined an overall 22% from a year ago, while the inventory of unsold existing homes rose 1% from February.
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Large Cities Most Vulnerable to Declines
Coastal areas and large cities are the most likely candidates to see home price declines in the future.
Read More »Economists Predict Home-Price Slide Will End in 2023
Zillow's latest survey forecasts U.S. home values to remain nearly flat, rising just 0.2% over the course of 2023, with California to expected to experience the biggest declines.
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