Is a Correction in Home Prices on the Horizon?

Is a Correction in Home Prices on the Horizon?

Business

Buyers have been facing the painful one-two punch of high mortgage rates and rising home prices all year. However, there are indications that the housing market may start to thaw, with mortgage rates dropping slightly and economists predicting a decline in home prices. The unaffordability of homes is a leading factor that could potentially drive prices down, as many people struggle to afford to buy. While a correction in home prices may provide some relief, it alone will not solve the issue of housing affordability.

Middle-Class Movers are Choosing Las Vegas, Phoenix, and San Antonio as Top Destinations

Middle-Class Movers are Choosing Las Vegas, Phoenix, and San Antonio as Top Destinations

Business

Middle-class Americans seeking an affordable lifestyle are opting to move to Las Vegas, Phoenix, and San Antonio, according to a new H&R Block report. Las Vegas stands out due to its abundance of homes for sale, driving down prices, and its lack of personal income tax. Phoenix appeals to California residents looking to escape the high cost of living, although increasing demand has led to rising home prices. San Antonio maintains its affordability and attracts buyers from other popular Texas cities. Realtors believe that Las Vegas is the next big destination and investors shouldn’t miss out on its potential.