The cities where housing costs are likely to drop: ‘We’ve squeezed a decade of home-price appreciation into a year and a half’

The cities where housing costs are likely to drop: ‘We’ve squeezed a decade of home-price appreciation into a year and a half’
·3 min read

Mortgage rates are cooling off after sharply rising. The hesitation is starting to show up in proprietary data, Rick Palacios Jr., head of research at John Burns Real Estate Consulting, told MarketWatch. “The consensus is most forecasters … are anticipating prices to either flatten and/or go down next year, especially in a lot of these way overheated markets like Boise,” Palacios said.