Credit scores, purchase lock volumes point to further market slowdown
But scarce housing inventory has helped to bring home equity values back upward, offsetting some of the losses of late 2022.
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But scarce housing inventory has helped to bring home equity values back upward, offsetting some of the losses of late 2022.
The affordability challenges homebuyers are facing are becoming more deeply entrenched, according to Black Knight.
In San Francisco, the median sales price was $220,000 lower than at the same time last year — the largest decline by dollar amount — wiping out 13.4% in equity.
In San Francisco, the median sales price was $220,000 lower than at the same time last year — the largest decline by dollar amount — wiping out 13.4% in equity.
Southern California home prices declined by more than 10% from the peak last year, but now the declines could be over.