News

Home prices finally start declining after 131 months of rising prices

March 21, 2023/

Red and white "Home for Sale, Price Reduced" sign in front of a stone, wood house that is for sale. Green grass and bushes indicate the spring or summer season. Front porch and windows in background. Real estate signs in residential neighborhood. Moving house, relocation concepts.

For the first time in 131 months, home prices fell year-over-year, ending the longest price growth streak on record and presenting an opportunity for buyers grappling with the double whammy of high mortgage rates and elevated prices.

 

Swapna Venugopal Ramaswamy

USA TODAY

 

 

 


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