Home prices slowing down due to increasing supply and slowing demand, especially affecting first-time buyers

From CNBC: 2025-06-24 13:31:00

Home prices are cooling off as supply increases and demand slows. Prices rose just 2.7% nationally in April, down from 3.4% in March. S&P Case-Shiller Index shows prices are now flat compared to last year. Some markets like New York and Chicago are seeing gains, while Sun Belt markets are falling. First-time buyers are being priced out due to high mortgage rates. Supply of homes is rising, but prices are not at risk of major declines.



Read more at CNBC: Home price hikes are slowing more than expected