At the height of the housing correction last fall, 92 of the nation’s 100 largest housing markets tracked by Black Knight saw a month-over-month home price decline in October. At the time, many economists thought it was the start of a housing market reckoning, or as Fed Chair Jerome Powell put it last fall, a “difficult [housing] correction.”
However, to the dismay of some homebuyers, the housing market has shown a great deal of resilience through the first half of 2023. House prices have firmed up—fast.
