Real estate data firm, CoreLogic, predicts that home prices will drop 1.3% year over year by next April, putting an end to 9 consecutive years of home price gains.
They also predict that areas with industries heavy in tourism, oil, and gas will be hardest hit.
“Although numerous reports show homebuyer demand dropped at the start of the coronavirus lockdown, prices were buoyed by a drop in homes on the market, experts say.”