Property type impacts selling prices in some neighborhoods

In some areas, homes are selling for less than what owners paid. However, this mainly affects certain types of properties, like apartments. New data shows that sellers of houses tend not to face losses. In many neighborhoods, one in four apartments are being sold at a loss, while house sellers are more secure. This trend comes as both state and federal governments try to address the housing affordability crisis by encouraging more home building. Experts say that homeowners need not worry about new apartment buildings affecting their property values. They indicate that new developments will focus more on mid-sized buildings rather than high-rise towers like those built in the 2010s.