Home Prices Plateaued in October as Rising Mortgage Rates Put Pressure on Buyers’ Budgets
Pro Builder
NOVEMBER 18, 2022
Tight inventory sustained elevated prices, though some formerly red-hot housing markets posted small but steady declines throughout October. On the flip side, home prices continued to rise in affordable metros like Milwaukee, Hartford, and Kansas City, which saw gains of 0.9%, 0.9%, and 0.8%, respectively.
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