Washington ranked #2 on this list of most stable housing markets in America, while Idaho came in at #5.
CNBC | Scott Cohn
The three most important things in real estate: location, location, location. And the U.S. real estate market is in a weird place right now.
Mortgage rates are nearly double what they were a year ago, reflecting the Federal Reserve’s campaign to rein in inflation. But they have also been volatile, including some sharp declines from week to week.
Home prices remain stuck at historic highs with bidding wars reported in some places, even as the inventory of homes for sale begins to grow and housing markets across the country, including some of the biggest in the states below, begin to cool.