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Everybody knows that mortgage rates are by far the dominant force in determining home prices. The steep Fed-induced drop that sent the 30-year from nearly 5% in the fall of 2018 to under 3% from ...
Here's a look at how much home prices are dropping in the top 10 cities. knowlesgallery / Getty Images/iStockphoto. 10. Boise, Idaho. Share of listings with price cuts: 18%. Average price cut: 2.8%.
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Existing home sales, which make up the majority of the housing market, fell 4.3% in March to a seasonally adjusted annual rate of 4.19 million, the National Association of Realtors reported Thursday.
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For example, if the top of your budget is $350,000 and a house you like is $365,000, a 4.1% drop in its price would mean the home is now in your price range.
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