Why Home Prices Aren't Dropping

Why Home Prices Aren’t Dropping

Interest rates may have peaked, and prices did not see significant declines with higher interest rate.. Why home values continue to hold steady.

Sales numbers are down and interest rates have declined consistently over the last four weeks, leading some buyers to lock in a 6.4% rate.

While buyers remain on the sidelines waiting for interest rates to come down, those who move forward are rewarded by lower purchase prices.

The Federal Reserve has always controlled inflation and recession with interest rates. For the first time in 2022, rates have come down.