Home prices will rise more slowly
The median price of a home reached a record high of $416,000 in June.
But the pace of price growth has been slowing lately. Median home prices for existing homes were up 13.4% in June from the year before, compared with the 23% spike in home prices in June 2021, according to NAR.
https://amp.cnn.com/cnn/2022/08/01/homes/housing-market-outlook-second-half-of-2022/index.html
