4 Signs the Housing Market Could Be Slowing DownNikola Stojadinovic / iStock.comIn recent months, some experts have said that the real estate market could be “heading back to sanity” in the summer of 2022. Meanwhile, one report from Moody’s Analytics showed that housing prices could drop by 10% in some U.S. cities. “The housing market isn’t crashing, but it is experiencing a hangover as it comes down from an unsustainable high,” Taylor Marr, Redfin deputy chief economist, told CNN.com. “If it weren’t for the surge in mortgage rates, the housing market would still be in a boom right now,” James Cappello, a Redfin agent in the Bay Area, told CNN. Explore: Housing Prices Are Expected to Drop in These Cities — Is Yours One of Them?

Source: CNN June 21, 2022 18:33 UTC