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US Home prices saw the slowest growth of 3.2% since July 2020

US Home prices saw the slowest growth of 3.2% since July 2020

Posted on November 21, 2022   |  

  • The average home sale price fell by 8.4% from its all-time high in June 2022, when the average 30-year fixed mortgage rate was over a point lower than it is now. 
  • The early-stage demand may be settling as serious homebuyers are now growing used to mortgage rates near 7% and their ability to negotiate with sellers on price and terms improved.