Home prices are expected to appreciate on average just 4.5% for the next 12 months, according to Veros Real Estate Solutions' Q2 2022 VeroFORECAST.
This is a drop by almost half from the 7.1% appreciation forecast just one quarter ago and is attributed to rising mortgage rates and hesitancy from buyers who are fearing a recession.
VeroFORECAST evaluates home prices in over 300 of the nation's largest housing markets.
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