The odds of a home price decline hitting your local housing market, as told by one interactive chart

By matt-amico April 29, 2022

The quick up tick in mortgage rates is meant to put pressure on the RED HOT housing market but it does not mean that homes prices will drop. In Palm Springs, where $1,000+ per square foot is the new standard for luxury homes, we are seeing a tipping point with buyers pushing back on pricing where non premium properties are involved. Here is an interesting article from Forbes with a map showing the odds of home pricing drops.