Blog > Riskiest Markets
It seems the only thing people can talk about lately is housing prices. Are they too high? When will they fall? Will the bubble burst? Thankfully, we have friends who study these sorts of things professionally. Realtor.com does a weekly update using the CoreLogic Home Price Index and their findings are a great way to keep your finger on the pulse of the national market.
Their findings for December? Home-price appreciation slowed to 6.9% in December. This is the slowest rate of growth since the late Summer of 2020. This might still seem like a number outpacing inflation, but it’s a far cry from the series high of 20% home-price appreciation in April of 2022. That was, according to CoreLogic, a series high.
However, with slowing home appreciation, there are rumblings of certain markets at risk of shifting to actual home price decline.
Is the Charlotte-Metro one of them?
Thankfully, no. Except for one Southern market, all the cities on the CoreLogic list are on the West Coast. The following markets at highest risk for price decline are:
- Salem, OR
- Bellingham, WA
- Bremerton-Silverdale, WA
- Crestview-Fort Walton Beach, FL
- Olympia-Turnwater, WA
High mortgage rates and other areas of economic uncertainty are keeping these markets from going gangbusters. Buyers are pulling back and are less willing to take a risk at the current moment. Weaker demand overall is keeping homes on the market a tad bit longer than this time last year.