Weary homebuyers panicked by rising mortgage interest rates might be relieved to hear that this cruel twist comes with one big upside: lower home prices. In October, median home list prices continued to drop from June’s record high of $449,000 to $425,000, according to a recent report from Realtor.com.
While list prices are still up by 13.3% compared with a year ago, nearly one-fifth of those sellers slashed their prices in October, more than