Home Prices

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Will lower mortgage rates keep home prices high?

A flood of buyers, attracted by lower rates, could bid up prices again

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Housing experts say home affordability has gradually improved over the last couple of months, but it’s because of lower mortgage rates. Home prices remain elevated.

The  Federal Housing Finance Agency’s (FHFA) seasonally adjusted monthly House Price Index rose 4.5% from July 2023 to July 2024. The previously reported 0.1% price decrease in June was revised upward to 0%.

Prices haven’t gone down, even though home sales have slowed to a crawl. The latest data from the Natio...

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