5 Cities Where Home Prices Are Most Likely to Drop Soon
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The days of record-high house prices in the U.S. could be disappearing. In fact, research indicates home prices will drop in the months ahead in some of last year’s hottest real estate markets.
Overall home price growth is expected to slow down dramatically in the U.S., and five cities now have a greater than 70% chance of seeing price declines over the next year, according to data analytics provider CoreLogic. The company factored in economic housing and economic data across nearly 400 cities in all 50 states to determine the likelihood of a housing bubble popping in each market.
The top five markets where home prices are especially likely to fall are all located in the Pacific Northwest.
Top 5 markets where home prices are most likely to fall
