Declines in the West are due to the tech industry slowdown and a severe lack of affordability after decades of undersupply. -Selma Hepp , Chief Economist, CoreLogic

All in, home prices nationally are now down 2.6% from their 2022 peak
– Black Knight February Monthly Mortgage Monitor

Important because it’s nowhere near what all those headlines said in the fall, right? They said 20% depreciation. Sure, there are some markets that have seen depreciation. Yeah, a few West Coast based markets that are heavy tech markets right now, but it’s not happening in the country. Certainly not the national average. But there are people in those markets that are experiencing that. And I’m not trying to say that’s not important. It is if you’re in that market and
understanding that is important.