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Housing Market Slows as Prices Dip
Description
Housing prices are cooling fast—capital cities saw their first price drop since early last year, with experts warning a potential 10% nationwide slide ahead. Rising interest rates are choking buyer power, hitting median prices below 2025 levels even in more affordable neighborhoods. Auctions are struggling too, with clearance rates hitting a fresh low, signaling cautious buyers. While regional areas still creep up, growth has stalled nationwide, and rising inventory isn’t helping sales. Plus, looming investor tax changes add more uncertainty—even if officials say they’re not the main driver, they’re definitely shaping market nerves.
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