Home Prices Are Down 5.3% Since June. Is Now a Good Time to Buy?
Not only were home values still sky-high, but mortgage rates rose sharply last year, adding another complication on the affordability front. Data firm Black Knight reports that home values have fallen 5.3% since June. U.S. home prices may be down 5.3% since June, but they're still up 5% from a year ago.