Most housing indicators suggest a market transition, sales are slowing, mortgage rates are rising and bidding wares are becoming less common. Prices are the notable exception.
According to the latest S&P’s CoreLogic Case-Shiller Index, prices grew 20.6% between March 2021 and March 2022. That was the highest year-over-year price change in more than 35 years. Experts agree that this level of price growth is unsustainable — but recognizing whether growth has peaked is proving difficult.