Housing Market

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Affordability slows home sales, hints at future home price declines 

Sep 07, 2023By

Mortgage rates peaked at 7.5% a couple weeks ago and are staying stubbornly high. Rising mortgage rates mean rising inventory as home buyer demand slows quickly. But home prices are staying pretty stable even though we can measure a slowdown in the number of homes getting offers.  Most years, available inventory of unsold homes on […]