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This situation underscores an important insight: despite a typical home value projected to reach $357,000 by 2025 — more than double the pricing from a decade ago and approaching quadruple the value from 1990 — the consensus is that a correction may be on the horizon.

Fragmented Growth Across Regions

An essential element to understanding the potential fluctuations in housing prices is the geographical disparity evident in home value growth. While northern areas such as the Midwest are still experiencing price increases, southern regions like Texas, Louisiana, and Florida are beginning to witness declines. The primary catalyst for this downturn appears to be a significant surge in housing inventory in states favored by many during the pandemic.