Weekly Market News + Event Guide | The Financial Corner 5.17.23

The Financial Corner

The housing market is the place where people buy and sell houses. The prices of houses can fluctuate depending on the supply and demand in different areas. Some areas may experience a decline in home prices, which means that houses will become more affordable in those places. This could happen in The West, where houses are very expensive and out of reach for many buyers. Other areas may have stable prices, which means that they will not change significantly. This could happen in the Midwest and East Coast, where houses are more reasonably priced and there is more interest from buyers.

Some experts predict that home prices will rise in May due to seasonality, which means that more people tend to buy houses in spring and summer than in winter. However, other experts doubt this prediction and think that prices will not increase much because of high interest rates and low employment rate.

For more info check out the article by Alisa Wolfson at MarketWatch.com

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