The housing market is near an inflection point as home prices show signs of trending sharply higher soon, according to analytics company Black Knight.rose for at seasonally adjusted monthly rate of 0.7% in May, hitting a new record high. The fifth consecutive monthly gain also completed a full reversal of the retreat that began last July.
Walden said in a statement that the annual rate"would remain at or near 0% for only a short time before inflecting and trending sharply higher in coming months." The uptrend in prices comes as housing supply remains tight. Active listings have worsened in 95% of major markets this year and are more than 50% below pre-pandemic levels, according to Black Knight.
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