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Mortgage Rates Could Drop to 5.4% In 2023—Here’s What That May Mean for Home Prices

Pro Builder

According to Case-Shiller, home prices fell month-over-month from June to July for the first time in 20 years, and a more budget-conscious buyer pool could see housing costs fall even further as stalled house hunters wait patiently on the sidelines. But he also warned that some markets may actually see home prices drop. Read more.

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November Homes for Sale Reach Record Low

Pro Builder

Limited inventory is causing yet another increase in home prices at the end of 2021. With tighter budgets to accommodate more expensive gas prices and grocery trips, many buyers may be priced out of a stiff housing market. The largest price increases were in Austin, Texas (+31%), Phoenix (+27%) and North Port, Florida (+27%).