Why Aren't Home Prices Crashing?

Home mortgage rates rose significantly last year, impacting lots of people & rsquo; s ability to purchase a home. And after a number of years of rapid price appreciation, home prices finally peaked last summer. Even though we & rsquo; re no longer seeing the purchaser craze that drove home values up throughout the pandemic, rates have been relatively flat at the national level. Home loan rates increased dramatically last year, impacting many individuals & rsquo; s ability to purchase a house. And after several years of rapid cost appreciation, home rates finally peaked last summer season. Even though we & rsquo; re no longer seeing the buyer frenzy that drove house worths up during the pandemic, rates have actually been reasonably flat at the national level. & rdquo; You may believe sellers would have to lower rates to bring in purchasers in today’& rsquo; s market, and that & rsquo; s part of why some may have been waiting for prices to come crashing down. Will some markets see a rate decline?

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