Although home prices are rising all around him, one Florida Atlantic University professor suggests that home prices appear to be settling in Western US markets, signaling the start of the anticipated housing slowdown.
His perspective comes from this week's release of the new study by researchers at Florida Atlantic University and Florida International University that showed home-price cooling out west while home prices continue to rise nearly unabated in the Eastern part of the country.
"These latest results suggest that the long-anticipated housing downturn is already beginning in the Western half of the U.S.," Ken H. Johnson, an economist for FAU Executive Education within its College of Business, said in prepared remarks.
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