Home prices are leveling currently after an incredible multi-year run up. But the question now becomes whether this is a temporary slowdown to be followed by additional home price appreciation in 2022 or if this could be the top with a potential drop in prices next year. I read many real estate blogs, articles, and analysis. For example, CoreLogic is a widely read quantitative forecast of residential real estate trends. First I can say that there is a slight drop-off in active buyers currently. Some buyers, after submitting many offers all
year, are taking a break from the home search. At the local Realtor meeting, other agents are remarking that instead of the usual 20 to 30 offers on a property, agents are receiving maybe four to 10 offers now.