Broker Check

The Over/Under on Housing

| May 01, 2024

If you’ve bought a house in the past four years, then you know how difficult it has been to navigate the housing market. In 2021, houses in certain parts of the country were sometimes selling for 20-30% over asking price. While the average price for a home has retreated from its peak, prices remain well above pre-pandemic levels and interest rates are at multi-decade highs, making the cost of owning a home more expensive than ever. Over the last two weeks, recent data releases suggest some reprieve, yet challenges still abound. Find out what’s happening in this week’s Markets in a Minute.