Home Prices Continue To Rise, But Experts See A Market Correction Ahead

South Florida’s housing market, like many others across the United States, is plagued by persistently high home costs, so much so that renting may be slightly advantageous. But based on data in new market reports, real estate experts expect the housing market may experience a correction, which is when home prices may experience a decline, typically after a period of growth. “The correction could literally be just the appreciation rate will slow significantly,” said Ken H.