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. The typical U.S. home value rose just 0.1% in October as the number of newly pending listings fell a staggering 35.1% year-over-year, according to Zillow.
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