Rising mortgage rates did not prevent approximately nine out of 10 metro markets from registering single-family, existing home price gains in Q4 2022, according to the National Association of Realtors (NAR).
Mortgage rates eclipsed 7% in the quarter, and had fallen to 6.5% on Friday, according to Mortgage Daily News.
NAR Chief Economist Lawrence Yun said in prepared remarks that a slowdown in home prices is underway and welcomed, particularly as the typical home price has risen 42% in the past three years.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
