Housing market: These Idaho, Utah cities are down the most in U.S.
The U.S. housing market is continuing to undergo a divided real estate correction, with prices rising in the East, while prices are down in many areas in the West. The West was ground zero for the pandemic housing frenzy when low interest rates and new remote work opportunities sent homebuyers looking for bigger homes at lower price points. But now, after mortgage rates shot up amid the Federal Reserve’s efforts to tamp down inflation, the West was the first to see home prices dip and continues to see negative gains while...