Monday, October 2, 2023 | The Latest Buzz for the Appraisal Industry

Homebuying Hotspots with Sharp Price Escalation Vulnerable to Housing Downturn

Popular migration destinations where home prices soared during the pandemic are most likely to see the effects of a housing downturn amplified and home prices decline year over year if the economy goes into a recession. This is according to a new report from Redfin, which also found that relatively affordable northern metros are most resilient in the event of a recession.

The U.S. housing market slowed considerably in the spring, with 5.5%-plus mortgage

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