It's here! We have more data and we can now dive into what is going to happen. The housing market has definitely taken a hit in the last few months. Mortgage rates are up and price cuts are practically everywhere. What you aren't realizing though, is that the housing market is regional.
Let's take a look at this interactive map put together by Fortune Magazine with the data from Corelogic. We will take a look at areas on the West Coast and the East Coast to better understand what cities will be hit the most, and which ones won't be hit.
Falling home prices? This interactive map shows the statistical odds of it occurring in your local housing market: https://fortune.com/2022/07/24/how-likely-home-prices-to-fall-in-you-local-housing-market-housing-chart/
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