After years of soaring home prices, the U.S. housing market has settled down. Nationally, average home values are little changed from a year ago, according to Zillow. The Federal Reserve data showed that sale prices have fallen by about 7% from their 2022 peak.
That doesn’t mean homes are cheap. Prices remain near all-time highs and have risen by more than one-quarter since the beginning of the decade, according to the Fed. But they are going down — especially in western states
