Housing Paralysis Engulfs US Buyers With Prices Starting to Fall

Bloomberg, Sept. 22, 2022–Prashant Gopal, John Gittelsohn
The US housing market has gone from fear of missing out to just plain fear. Prices are falling from peak levels, with expensive West Coast markets recording the steepest declines. Bidding wars are fading and sellers are having to ratchet down expectations.