Home Prices Are Still Rising As Housing Market Faces ‘New Reality’—A Recession Could Force Big Drops In These Major Cities

Topline The good news for buyers is that there was a slight deceleration in home prices in May as higher interest rates continued to temper demand in the booming housing market, according to industry data released Tuesday, and experts say there’s plenty of room for the downtrend to continue—particularly in many pandemic-era housing hotspots. Key…