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Could housing prices finally be coming back down to earth? Year-over-year home-price growth decelerated at a record-setting pace in July 2022. S&P CoreLogic’s latest Case-Shiller U.S. National Home Price NSA Index, released September 27, reports that price growth dropped by 2.3% from June to July — from 18.1% to 15.8%. ‘A forceful deceleration’ While prices are still growing compared with a ...

Homebuyers have lost six figures in buying power over the past year, thanks to soaring mortgage rates, according to new research. It’s the equivalent of about $140,000, a new report from RedFin calculates, as mortgage rates jumped to 6% since the beginning of the year. “Raising interest rates is necessary to fight inflation, but it comes with some painful side effects — especially for ...

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August mortgage rates forecast Mortgage rates will likely rise in August as the Federal Reserve continues to yank interest rates higher. The Fed’s chairman, Jerome Powell, has repeatedly said that…