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In certain markets, particularly in Texas, theres actually been a more recent a decline.
This could result in a price correction over the next 12 months.
When supply outpaces demand, home values tend to decline.
This is especially common when homes sit on the market for longer.
This is a sign of a potentially cooling housing market.
Phoenix
Interestingly, home prices are actually up in Phoenix, Arizona.
That said,some real estate expertsstill believe the housing market could take a turn in the coming months.
Given last years performance in Phoenix, it really could go either way.
Boise, Idaho
Like Phoenix, Boise has seen a price hike in recent years.
Nevertheless, the city could see a shift before the end of 2025.
If interest rates remain high, Aguinaga predicts that even fewer people will be buying homes in the area.
This could lead to a further decline in home prices.
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