Home Prices Moved Up Despite Higher Mortgage Rates

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Home Prices Moved Up Despite Higher Mortgage Rates

Home Prices Moved Up Even Faster in January Despite Higher Rates There's a friendly debate among economists and housing experts on the implications of 2022's massive spike in mortgage rates. According to others, home prices are almost exclusively concerned with supply and demand, regardless of rates. While rising rates have rarely resulted in home prices dropping, the big spikes do eventually tend to show up in the form of deceleration. Any time the lines are above zero, prices are increasing. In other words, the highlighted mortgage rate spikes resulted in prices decelerating (not decreasing).

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