Why Aren’t Home Prices Crashing?

Even though we’re no longer seeing the buyer frenzy that drove home values up during the pandemic, prices have been relatively flat at the national level. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), doesn’t expect that to change:

“Home prices will be steady in most parts of the country with a minor change in the national median home price.”

Source: https://www.simplifyingthemarket.com/en/2023/04/05/why-arent-home-prices-crashing/