After 2 years house prices in US are falling.
How much it will fall?
How low will prices go?
Prices are likely to drop further, but not much. Home prices may decline by around 4% to 9% from the peak.
Exactly how much prices fall will depend on location of the house. Prices may decline more in the West.
The reason for fall in house price is higher mortgage rates.
Home prices may start rising again in 2024.