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Keyword: slowmarket

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  • Here’s what’s happening with home prices as mortgage rates fall

    02/12/2023 6:21:02 AM PST · by PK1991 · 25 replies
    CNBC ^ | 2-10-2023 | Diana Olick
    The U.S. housing market cooled off pretty dramatically last year, after mortgage rates more than doubled from historic lows. Home prices, however, have been stickier. Prices began falling last June, but are still higher than they were a year ago. Now, as demand appears to be coming back into the market, due to a slight drop in mortgage rates, prices are pushing back. **** Hepp notes that some of the exurban areas that became popular during the first years of the pandemic and saw prices rise sharply are now seeing larger corrections. But she doesn’t expect that will last long....