The housing market had seen a steady increase over 3.5 years until last month, when home prices finally began to drop. This could be due to a variety of factors, such as rising mortgage rates, a decrease in demand from buyers, and oversupply of inventory in certain areas. While prices have still grown significantly over the 3.5 year period, the decline could provide relief for first time homeowners and those looking to buy or refinance.
Prices finally fell last month after 3.5 years of increases
