Home Prices Rose Year-Over-Year in 98% of Metro Areas in Q3 2022

An overwhelming majority of metro markets saw home-price gains in the third quarter of 2022 despite mortgage rates that approached 7% and declining sales, according to the National Association of REALTORS®’ (NAR) latest quarterly report. Of the 185 tracked metro areas, 46% registered double-digit price increases, down from 80% last quarter. The report found that…

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