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Home Prices Soar at One of the Fastest Rates on Record, but Higher Mortgage Rates Should Slow Future Growth

Home Prices Soar at One of the Fastest Rates on Record, but Higher Mortgage Rates Should Slow Future Growth

The deceleration in home prices seen last fall didn't continue in January as home buyers rushed to lock in deals

The post Home Prices Soar at One of the Fastest Rates on Record, but Higher Mortgage Rates Should Slow Future Growth appeared first on Real Estate News & Insights | realtor.com®.

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Home Prices Soar at One of the Fastest Rates on Record, but Higher Mortgage Rates Should Slow Future...
Home Prices Soar at One of the Fastest Rates on Record, but Higher Mortgage Rates Should Slow Future...
Home Prices Soar at One of the Fastest Rates on Record, but Higher Mortgage Rates Should Slow Future...
Home Prices Soar at One of the Fastest Rates on Record, but Higher Mortgage Rates Should Slow Future...
realtormM1hV realtormM1hV | 2 years ago
The deceleration in home prices seen last fall didn't continue in January as home buyers rushed to lock in deals The post Home Prices Soar at One of the Fastest Rates on Record, but Higher Mortgage Rates Should Slow Future Growth appeared first on Real Estate News & Insights | realtor.com®.
The deceleration in home prices seen last fall didn't continue in January as home buyers rushed to lock in deals The post Home Prices Soar at One of the Fastest Rates on Record, but Higher Mortgage Rates Should Slow Future Growth appeared first on Real Estate News & Insights | realtor.com®.
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Homebuyers are facing the perfect storm in the form of rising mortgage rates combined with yet another month of record-shattering home prices. In April, median home prices soared to an all-time high of $425,000, according to a recent Realtor.com® report. That’s a whopping 14.2% rise compared with last year. Meanwhile, skyrocketing mortgage rates averaged 5.1% by the end of April for 30-year fixed-rate loans. And there is still a severe shortage of homes on the market. So how does this double...
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