Wednesday, November 30, 2022 | The Latest Buzz for the Appraisal Industry

High Home Value Trend Slows Down, One-Fifth of Sellers Cut Prices

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

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