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Home Prices Plateaued in October as Rising Mortgage Rates Put Pressure on Buyers’ Budgets

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Home Prices Plateaued in October as Rising Mortgage Rates Put Pressure on Buyers’ Budgets. Tight inventory sustained elevated prices, though some formerly red-hot housing markets posted small but steady declines throughout October. Fri, 11/18/2022 - 10:20. The typical U.S. home value rose just 0.1% year-over-year, according to Zillow.