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 Real Estate Prices Retreat in Key Cities

Home prices are declining in several US cities, according to data from Realtor.com and Fox Business. In general, US home sales have weakened to the lowest pace in over a year. Home loan rates are increasing at the same time.

Findings from Cotality shows that local economies, rather than national trends, are the main drivers of home prices nationwide.

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