06/04/2024
Home prices are falling at the fastest pace in over a year, thanks to demand plunging amid stubbornly high mortgage rates, according to Redfin.
The 30-year fixed mortgage rate edged up last week, hovering above 7%.
Real estate experts expect affordability to slowly improve as inventory rises and borrowing costs ease.
Tap the link in our bio to read more about why home prices are dropping.
Story by Jennifer So
(Credit: Getty Images)
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