LATEST: Housing markets along the West Coast and across the Rocky Mountain region, including Denver, are the most vulnerable to price declines in the coming months as both sellers and buyers readjust their expectations.
ATLANTA — Housing markets along the West Coast and across the Rocky Mountain region, including Denver, are the most vulnerable to price declines in the coming months as both sellers and buyers readjust their expectations.
That softness could spread throughout a region that benefitted from strong tech hiring and large home price gains during the pandemic and in the years leading up to it. Yun said the lack of affordability, which is at the 2006 lows reached before the housing crash, is a major contributor to the difficulties that the market is now facing.
But in percentage terms, the increase this year has been huge and rapid, especially for new homebuyers who have seen rates double or nearly double since they signed contracts.
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