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Home values in August saw their largest monthly decline since 2011. Some cities see house prices drop by 3%.

Por: MarketWatch Business September 24, 2022

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Zillow cited “the historic rise in home prices over the pandemic, compounded by this year’s spiking mortgage rates.” Though home-price appreciation has slowed since it peaked in April, home values are still up 14.1% from a year ago. They’re up nearly 44% from August 2019, before . The typical 30-year , meaning that monthly payments are significantly higher than just months ago. And, with home prices retreating only modestly, many... + full article



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