US home sales weaken to slowest pace in more than a year as mortgage rates, home prices climb - ABC News - Breaking News, Latest News and Videos

Latest News About Home Prices Decline in Several US Cities

Home prices are falling in several US cities, according to data from Realtor.com and Fox Business. Broadly speaking, US home sales have weakened to the lowest pace in over a year. Borrowing costs are increasing at the same time.

Findings from Cotality indicates that local economies, not national trends, are the chief drivers of home prices across the country.

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