diff --git a/docs/requirements.txt b/docs/requirements.txt
index 38c691c..65092db 100644
--- a/docs/requirements.txt
+++ b/docs/requirements.txt
@@ -39,13 +39,13 @@ pygments==2.17.2
     #   sphinx
 pygments-github-lexers==0.0.5
     # via -r docs/requirements.in
-referencing==0.31.1
+referencing==0.32.0
     # via referencing-loaders
 file:.#egg=referencing-loaders
     # via -r docs/requirements.in
 requests==2.31.0
     # via sphinx
-rpds-py==0.13.1
+rpds-py==0.13.2
     # via referencing
 snowballstemmer==2.2.0
     # via sphinx
diff --git a/pyproject.toml b/pyproject.toml
index fbaf583..c0ce63d 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -38,7 +38,7 @@ classifiers = [
 ]
 dynamic = ["version"]
 dependencies = [
-  "referencing>=0.31.1",
+  "referencing>=0.32.0",
 ]
 
 [project.urls]
diff --git a/referencing_loaders/__init__.py b/referencing_loaders/__init__.py
index fb78479..ee4398d 100644
--- a/referencing_loaders/__init__.py
+++ b/referencing_loaders/__init__.py
@@ -8,21 +8,29 @@
 import json
 import os
 
-from referencing import Resource
+from referencing import Resource, Specification
 
 if TYPE_CHECKING:
     from referencing.typing import URI
 
 
-def from_path(path: Path) -> Iterable[tuple[URI, Resource[Any]]]:
+def from_path(root: Path) -> Iterable[tuple[URI, Resource[Any]]]:
     """
     Load some resources recursively from a given directory path.
+
+    Subdirectories are defaulted to the first version seen (starting from
+    the root) -- though it still is often a good idea to explicitly indicate
+    what specification every resource is written for internally.
     """
-    for root, _, files in _walk(path):
+    specification: Specification[Any] | None = None
+    for dir, _, files in _walk(root):
         for file in files:
-            path = root / file
+            path = dir / file
             contents = json.loads(path.read_text())
-            yield path.as_uri(), Resource.from_contents(contents)
+            if specification is None:
+                specification = Specification.detect(contents)  # type: ignore[reportUnknownMemberType]
+            resource = specification.detect(contents).create_resource(contents)
+            yield path.as_uri(), resource
 
 
 def _walk(path: Path) -> Iterable[tuple[Path, Iterable[str], Iterable[str]]]:
diff --git a/referencing_loaders/tests/test_loaders.py b/referencing_loaders/tests/test_loaders.py
index e4bfcd9..9197a90 100644
--- a/referencing_loaders/tests/test_loaders.py
+++ b/referencing_loaders/tests/test_loaders.py
@@ -1,7 +1,7 @@
 import json
 
 from referencing import Registry
-from referencing.jsonschema import EMPTY_REGISTRY
+from referencing.jsonschema import DRAFT202012, EMPTY_REGISTRY
 
 import referencing_loaders as loaders
 
@@ -44,6 +44,43 @@ def test_absolute_internally_identified(tmp_path):
     assert registry.crawl() == expected.crawl()
 
 
+def test_schema_is_inherited_downwards(tmp_path):
+    root_path, root = tmp_path / "schema.json", {
+        "$schema": "https://json-schema.org/draft/2020-12/schema",
+        "$id": "http://example.com/",
+    }
+    son_path, son = tmp_path / "child/son.json", {
+        "$id": "http://example.com/son",
+    }
+    daughter_path, daughter = tmp_path / "child/daughter.json", {
+        "$schema": "https://json-schema.org/draft/2020-12/schema",
+        "$id": "http://example.com/random/daughter",
+    }
+    grandchild_path, grandchild = tmp_path / "child/more/gc.json", {
+        "$id": "http://example.com/also/a/grandchild",
+    }
+
+    tmp_path.joinpath("child/more").mkdir(parents=True)
+    root_path.write_text(json.dumps(root))
+    son_path.write_text(json.dumps(son))
+    daughter_path.write_text(json.dumps(daughter))
+    grandchild_path.write_text(json.dumps(grandchild))
+
+    expected = Registry().with_resources(
+        (each, DRAFT202012.create_resource(contents))
+        for each, contents in [
+            (root_path.as_uri(), root),
+            (son_path.as_uri(), son),
+            (daughter_path.as_uri(), daughter),
+            (grandchild_path.as_uri(), grandchild),
+        ]
+    )
+
+    resources = loaders.from_path(tmp_path)
+    registry = EMPTY_REGISTRY.with_resources(resources)
+    assert registry.crawl() == expected.crawl()
+
+
 def test_empty(tmp_path):
     registry = EMPTY_REGISTRY.with_resources(loaders.from_path(tmp_path))
     assert registry == EMPTY_REGISTRY
diff --git a/test-requirements.txt b/test-requirements.txt
index 33858f1..8947d81 100644
--- a/test-requirements.txt
+++ b/test-requirements.txt
@@ -14,9 +14,9 @@ pluggy==1.3.0
     # via pytest
 pytest==7.4.3
     # via -r test-requirements.in
-referencing==0.31.1
+referencing==0.32.0
     # via referencing-loaders
 file:.#egg=referencing-loaders
     # via -r test-requirements.in
-rpds-py==0.13.1
+rpds-py==0.13.2
     # via referencing